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may2019 market stats

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

  • Active listings across the area we watch were up for the first time in four months. It’s not a very big gain — just 4% — but after so many straight months of declines, it’s a nice sign.
  • We still have inventory problems. Active listings in Kennewick have dropped for at least six straight months; in Pasco, for four straight months.
  • What an interesting month April was in Kennewick! Homes sold jumped by 38%. Our entire area had an increase of 41 homes sold in April — Kennewick accounted for 35 of those. Kennewick also saw a big jump in median sales price last month.
  • Across the area, homes sold have risen for three straight months. That’s pretty common for this time of year.
  • But … the number of homes sold in Richland has dropped five of the past six months.

Overall, there’s a lot of green numbers on this month’s graphic — that’s to be expected now that spring and warm weather has arrived!

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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Cari McGee

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!

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