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Best Price Ranges for Tri-Cities Home Buyers – January 20 2025

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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 – $500,000 0.7 4.3 +3.6 Improving
$500,000 – $600,000 2.4 2.4 No Change Stable
$600,000 – $700,000 2.3 3.9 +1.6 Improving
$700,000 – $800,000 1.5 3.1 +1.6 Improving
$800,000 – $1,000,000 6.5 3.5 -3.0 Worsening
All Price Ranges 2.1 5.1 +3.0 Improving

Most Favorable for Buyers

  1. $400,000 – $500,000 (Current Month): Score 4.3 – Buyers benefit from improved conditions in this price range.
  2. $0 – $300,000 (Current Month): Score 2.3 – Moderate improvements from prior month, indicating more opportunities for buyers.
  3. $600,000 – $700,000 (Current Month): Score 3.9 – Stronger conditions favoring buyers compared to the previous month.

Least Favorable for Buyers

  1. $300,000 – $400,000 (Current Month): Score 1.0 – Decline from the prior month suggests a seller’s advantage persists.
  2. $700,000 – $800,000 (Previous Month): Score 1.5 – Despite slight improvement in the current month, conditions remain challenging.
  3. $500,000 – $600,000 (Current Month): Score 2.4 – No change indicates ongoing difficulty for buyers in this range.

Summary of Insights

  • Improving Buyer Conditions: Notable improvements occurred in the $400,000 – $500,000 and $600,000 – $700,000 ranges, with buyer scores rising by +3.6 and +1.6 points, respectively.
  • Stable Trends: The $500,000 – $600,000 range remained consistent, showing neither improvement nor decline.
  • Challenges Persist: The $300,000 – $400,000 range worsened slightly, with a -0.5 point drop, highlighting continued difficulty for buyers.

Conclusion

Buyers seeking homes between $400,000 and $500,000 or $600,000 and $700,000 may find this an opportune time, as conditions have become more favorable compared to the previous month. However, those in the $300,000 to $400,000 and $700,000 to $800,000 ranges may face tougher competition and fewer opportunities.

For expert advice tailored to your budget and goals, reach out at ryan@kenmoreteam.com or call 509.987.4544.