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.
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Hi, I'm Cari McGee. 👋 I've lived in the Tri-Cities since 1994 and I've been a licensed Realtor® since 2004. That's a lot of local knowledge and real estate experience that I put into every article you read on my website! We've helped more than 560 families buy or sell property in the Tri-Cities. In 2023, our community voted us the bronze winner for Best Real Estate Team in the Tri-Cities Best voting. Learn more about me by clicking the link right above. And if you have any questions, get in touch anytime!