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Tri-Cities, WA Real Estate Stats – November

By in Tri-Cities Housing Market with 0 Comments

I learned something new today. Apparently, the Tri-Cities economy often runs contrary to the nation’s economy. When the rest of the country is booming, we’re holding steady. When the rest of the country is struggling, we hold steady, and even grow a bit!

In 2001-2003, the US was hit with a recession caused by the collapse of the dot-coms, accounting scandals (Enron, anyone?) and the September 11th attacks. Yet, take a look at what happened in the Tri-Cities during that time period -the average sales price increased by almost 12%! At the end of 2002, the ASP was up by $16,000. And only 23 fewer homes were sold in ’02 than in ’01, so it’s not like it was a supply and demand thing.

We’ll ride through this upcoming storm, too. Sales are down, but with mortgage rates slipping and the Tri-Cities economy holding strong, we’ll find ourselves on the other side of the recession with houses worth more than they were when we went in.

Take a look…

Tri-Cities Real Estate stats

Download the full Tri-City Real Estate stats for November, 2008. (661k PDF)

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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, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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