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 […]

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

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

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

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