The number of homes entering the market is a key indicator of supply and demand dynamics in real estate. A rising number of listings typically signals more opportunities for buyers, while a decline can create more competition and drive up prices. By analyzing how new listings have changed over the last four months, we can […]
The balance between buyers and sellers is constantly shifting in real estate. By analyzing buyer and seller scores, we can determine who holds the advantage in the current market. Higher seller scores indicate stronger conditions for sellers, while higher buyer scores suggest buyers have more negotiating power. This report looks at West Richland, Richland, Pasco,
One of the best ways to understand real estate market trends is by analyzing how listing prices compare to final sale prices over different time frames. This can help buyers know how much they might expect to pay compared to the asking price, and it gives sellers insight into pricing strategies and market demand. This
When comparing new construction to existing homes, one of the most useful metrics is price per square foot. This figure helps buyers and sellers understand how much value they’re getting for their money and whether trends are favoring newer builds or resale homes. This analysis breaks down price per square foot trends for existing homes
A key factor in real estate market trends is the balance between new listings and homes sold each month. When more homes are listed than sold, inventory grows, potentially creating a buyer’s market with more choices and negotiating power. Conversely, if sales outpace new listings, inventory shrinks, leading to a seller’s market where competition drives
The Tri-Cities real estate market for new construction homes has experienced notable trends over the past 12 months. This analysis focuses on single-family homes that were newly built and listed in the market, providing insights into inventory levels, pricing trends, and buyer-seller dynamics. Key Market Trends 1. Moderate Inventory with Steady Sales Over the past
New Construction Tri-Cities Real Estate Market Summary: Past 12 Months – February 4 2025 Read More »
Understanding real estate trends is crucial for both buyers and sellers. By analyzing the past 12 months of market activity in the Tri-Cities region, we can identify key trends in listings, pricing, and market speed. This report will provide an in-depth look at how existing single-family homes have performed over the last year, helping you
Tri-Cities Real Estate Market Summary: Past 12 Months – February 4 2025 Read More »
Understanding how the real estate market is shifting is crucial for both buyers and sellers. Over the past 12 months, market trends have evolved across the Tri-Cities, impacting listing counts, sales activity, and pricing dynamics. This analysis will highlight the key changes in inventory levels, buyer and seller market conditions, and what these trends mean
Tri-Cities Real Estate Market Update: Trends in New & Existing Homes – February 2025 Read More »
Tri-Cities Real Estate Market Update: Existing Construction vs. New Construction The real estate market in the Tri-Cities has seen notable shifts over the past 12 months, driven by supply, demand, and economic factors. In this summary, we’ll examine the performance of existing construction homes and new construction properties, focusing on key statistics and market trends.
The Buyer’s Scores provide a snapshot of market conditions favoring buyers. Lower scores suggest tougher conditions for buyers, while higher scores indicate more favorable conditions. Buyer’s Scores by Price Range and Month Price Range Previous Month Current Month Change Trend $0 – $300,000 0.8 2.3 +1.5 Improving $300,000 – $400,000 1.5 1.0 -0.5 Worsening $400,000
Best Price Ranges for Tri-Cities Home Buyers – January 20 2025 Read More »