Market speed is one of the most important factors when evaluating real estate trends. If homes sell quickly, buyers must act fast and be prepared to compete. If homes sit on the market longer, sellers may have to adjust prices or offer incentives to close deals.
This analysis focuses on listings per day and days on market (DOM) to assess how quickly homes are moving in the Tri-Cities as of January 2025 (last full month) and February 2025 (current month).
Tri-Cities Market Speed: January vs. February 2025
New Listings Per Day
- January 2025: 2.58 new listings per day (80 total listings)
- February 2025: 2.1 new listings per day (44 total listings so far)
Key Takeaway: The number of new listings has slowed in February, reducing available inventory. This shift puts more pressure on buyers to compete for fewer homes while allowing sellers to hold stronger pricing power.
Homes Sold Per Day
- January 2025: 1.03 homes sold per day (32 total sales)
- February 2025: 1.38 homes sold per day (29 total sales so far)
Key Takeaway: Sales velocity has increased in February, with more homes closing per day compared to January. Despite fewer new listings entering the market, buyers are still actively purchasing homes, making the market more competitive.
Average Days on Market (DOM)
- January 2025: 85 days on market
- February 2025: 42 days on market
Key Takeaway: Homes are selling twice as fast in February compared to January. This suggests that well-priced homes are attracting offers quickly, and buyers are moving fast to secure deals before prices rise further.
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 they did in January.
What This Means for Buyers and Sellers
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.
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.
Final Thoughts: Is the Market Speeding Up or Slowing Down?
The Tri-Cities housing 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 the Tri-Cities, 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.