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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.

market stats october

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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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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