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Tri-Cities Real Estate Market Update: May 2019

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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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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016. I am on the Budget and Finance Committee there, as well. I love serving the citizens of this community, and my fellow Realtors, too. Want to talk about real estate? Click here to schedule a meeting with me!

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