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Tri-Cities Real Estate Market Update: October 2018

By in Tri-Cities Market with 0 Comments

Two things stand out right away when you look at this month’s Tri-Cities real estate market update below:

1) Active listings are up almost across the board.

2) The number of sold listings last month was down almost across the board.

What does that suggest to you? If you said it’s another sign that the market is shifting, you’re correct! There’s more inventory available to buyers, yet fewer deals are closing. As we discussed in this recent blog post, if supply goes up and demand goes down, we may soon be back to a more normal real estate market. This might just be a one-month thing, so let’s keep an eye on these changes in the next few months and see if they become a real trend.

As always, if you have questions about the local real estate market and what it means to you as a buyer or seller, get in touch anytime. There’s a contact form below.

Data come from the Tri-City Association of Realtors and Pacific Region MLS. We collect data on the 5th of each month to allow all local brokerages to make sure their data from the previous month has been submitted.

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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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