Market speed is a critical factor for both buyers and sellers in Kennewick. A faster market means buyers must act quickly and be prepared for competitive offers, while sellers benefit from reduced time on the market. If homes sit longer, buyers have more negotiating power, and sellers may need to adjust pricing strategies.
This analysis focuses on listings per day and days on market (DOM) to assess how quickly homes are moving in Kennewick as of January 2025 (last full month) and February 2025 (current month).
Kennewick Market Speed: January vs. February 2025
New Listings Per Day
- January 2025: 0.71 new listings per day (22 total listings)
- February 2025: 0.39 new listings per day (11 total listings so far)
Key Takeaway: The number of new listings has slowed significantly in February, reducing available inventory. This could create a tighter market where buyers have fewer choices, forcing more competitive bidding on available homes.
Homes Sold Per Day
- January 2025: 0.16 homes sold per day (5 total sales)
- February 2025: 0.5 homes sold per day (7 total sales so far)
Key Takeaway: Sales velocity has increased in February, with more homes selling per day compared to January. Even with fewer new listings, buyer demand is strong, leading to quicker transactions.
Average Days on Market (DOM)
- January 2025: 103 days on market
- February 2025: 42 days on market
Key Takeaway: Homes are selling more than twice as fast in February compared to January. This suggests that buyers are making faster decisions, and well-priced homes are receiving offers quickly.
Median Days on Market (DOM)
- January 2025: 30 days on market
- February 2025: 13 days on market
Key Takeaway: The median time it takes to sell a home has dropped significantly, reinforcing the trend that homes are selling faster in February than in January.
What This Means for Buyers and Sellers in Kennewick
For Buyers:
- Homes are selling quickly, meaning buyers must act fast and make competitive offers.
- Fewer new listings in February make inventory tighter, increasing competition.
- Being pre-approved and working with an agent will be critical to securing a home in this faster-moving market.
For Sellers:
- Homes are selling faster, allowing sellers to price more aggressively.
- Fewer listings mean less competition, making this a great time to list a home.
- Sellers should expect strong buyer interest, possibly leading to multiple offers and higher sales prices.
Final Thoughts: Is the Market Speeding Up or Slowing Down?
Kennewick’s real estate market is accelerating in February 2025. Fewer new listings are entering the market, yet more homes are selling per day compared to January. The drop in days on market suggests that buyers are acting quickly, making the current market more competitive than it was last month.
If you are considering buying, expect less negotiating room and quicker closing times. If you are considering selling, this is an excellent time to list before the market shifts again.
Need Help Navigating the Market?
For expert guidance on buying or selling in Kennewick, reach out to ryan@kenmoreteam.com or call 509.987.4544. Understanding market speed can help you time your move effectively and get the best deal possible.
This analysis provides a data-driven look at how quickly homes are moving in early 2025. Let me know if you need any refinements.