If your budget is $325,000 or less and you’re eyeing Richland as your new home, the market offers plenty of opportunities—but it’s not without challenges. Richland’s market trends reflect its unique dynamics within the Tri-Cities, making it important to know what to expect. Here’s a closer look at how the $325,000 market in Richland is […]
The $325,000 Housing Market in Richland: A Deep Dive Read More »
How Have Total Listings Changed Over the Past 12 Months? Past 12 Months: 261 total listings, averaging 1.4 new listings per day. January 2025: 22 new listings, averaging 1.4 per day. February 2025 (to date): 2 new listings, averaging 0.1 per day. Inventory has dropped significantly, with February showing a sharp decline in new listings.
Richland Real Estate Market Update (1 Story Homes) – February 2025 Read More »
The Tri-Cities real estate market has experienced dynamic shifts over the past year. Whether you’re a buyer looking for opportunities or a seller aiming to maximize your home’s value, understanding market trends can give you an edge. This analysis will examine how sold listings have changed over the past 12 months, alongside broader insights into
The housing market in the Tri-Cities continues to evolve, with home prices fluctuating across different time periods. By examining the highest and lowest-priced homes sold over the past 12 months, we can better understand pricing trends and how they compare across the year-to-date (YTD), last full month, and current month. This analysis includes data for
Tri-Cities Real Estate Market Update: Highs and Lows in Home Sales – February 2025 Read More »
The real estate market is constantly evolving, and one of the best ways to understand its direction is by analyzing buyer and seller scores. These scores help indicate whether conditions favor buyers or sellers and how market balance is shifting. By examining data over the past four months, we can see whether buyers are gaining
Tri-Cities Real Estate Market Update: Shifting Buyer and Seller Dynamics – February 2025 Read More »
The Tri-Cities real estate market continues to evolve, with noticeable changes in inventory, pricing, and market speed. Comparing February 2025 (current month to date) with January 2025 (last full month) provides insight into whether the market is heating up or slowing down. How Does This Month Compare to Last Month? Looking at key market activity—new
The number of days a home remains on the market before selling is a key indicator of market conditions. Shorter times typically signal strong demand, while longer market times suggest a slowdown or increased buyer caution. By analyzing trends over the past four months, we can see how market speed has changed for both new
Pricing trends in real estate can reveal a lot about market conditions, particularly when comparing new construction with existing homes. Whether you’re buying or selling, understanding how listing and selling prices differ between these two categories can help you make informed decisions. This report breaks down price trends across the Tri-Cities, examining both listing and
The absorption rate is a key real estate metric that measures how fast homes are selling in comparison to available inventory. It helps determine whether the market favors buyers or sellers by showing how long it would take for all homes on the market to sell at the current sales pace, assuming no new listings
Tri-Cities Real Estate Market Update: Understanding the Absorption Rate – February 2025 Read More »
Inventory levels play a crucial role in determining whether the market favors buyers or sellers. When inventory is low, competition increases, often leading to higher home prices. When more homes are available, buyers have more options and greater negotiating power. By examining inventory trends over the past four months, we can see how the number