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Tri-Cities: #6 Hottest Real Estate Market in August (Here’s why & what it means to you)

By in Tri-Cities Housing Market with 0 Comments

Cowlitz Blvd., Richland, WA

If you’re a home buyer in the Tri-Cities area this month, as Bananarama sings, “It’s a cruel, cruel summer….”

Kennewick was listed as the #6 Hottest Real Estate Market for August by Realtor.com. See for yourself here.

Why?

Because the number of homes is down, and the amount of buyers is up, which makes anything that does hit the market sell quickly, AND for more than it would have sold for at this point last year. Nationwide, the median home price is up, on average, by 10 percent from August of last year.

Your takeaway

As always, what the article doesn’t tell you, but I will, is that your house still needs to be in great condition and priced right in order to sell at the quick pace that most homes are moving. You can’t simply put a FOR SALE sign up in the front yard or list it online for an exorbitant price and expect it to sell quickly at that high amount.

Our market is moving swiftly, true, but buyers are still keeping their heads about them and making smart decisions. For example, an unappealing floor plan is just as unappealing when there are fewer houses on the market as when there are a lot of houses on the market. So, a seller will need to price the house lower to compensate for the house’s shortcomings, regardless of the surplus, or shortage, of competition.

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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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