Tri-Cities Real Estate Market Update: February 2019

Here are some key points from this month’s market snapshot:

• Overall inventory is a bit of a rollercoaster these past few months; down, up, and now down again. There were barely 600 active listings when we pulled data on February 5.
• The overall number of sold homes has dropped three straight months. The January total of 248 sold is a little more than half the number sold in October 2018 (468).
• Pasco was the only city to see an increase in sold homes in January.
• Both Kennewick and Richland have experienced three straight months of declining inventory.
• Median home prices rose substantially in Kennewick, Pasco and West Richland.

As always, give us a call, text or email if you ever have questions about the housing stats here in the Tri-Cities, or in your specific neighborhood.