Understanding inventory levels is crucial in today’s Tri-Cities real estate market. Whether you’re a buyer looking for opportunities or a seller assessing competition, knowing how many homes are available in different price ranges can help you make smarter decisions.
Below, we analyze inventory trends across all price ranges, ranking them based on supply and demand balance.
What Does Inventory Mean for You?
- High inventory means more choices for buyers and longer selling times for sellers.
- Low inventory indicates a tougher market for buyers, leading to faster sales and higher prices for sellers.
Key Takeaways Across All Price Ranges:
- Homes under $450K have the lowest inventory, making it a seller’s market.
- Luxury homes ($750K and above) tend to have higher inventory, giving buyers more choices and leverage.
Inventory Breakdown by Price Range
$0 – $350K: Lowest Inventory, Hottest Seller’s Market
- Total Listings (Last 12 Months): 431 homes
- Average New Listings Per Day: 1.18
- Total Sold (Last 12 Months): 372 homes
- Active-to-Sold Ratio: 1.16:1
Key Insight:
This price range has extremely tight supply, leading to rapid sales and frequent multiple-offer situations.
$350K – $450K: Strong Seller’s Market with Low Inventory
- Total Listings (Last 12 Months): 930 homes
- Average New Listings Per Day: 2.55
- Total Sold (Last 12 Months): 755 homes
- Active-to-Sold Ratio: 1.23:1
Key Insight:
This range is highly competitive with just enough inventory to keep homes moving quickly. Buyers must act fast in this segment.
$450K – $550K: Competitive, but Slightly More Balance
- Total Listings (Last 12 Months): 655 homes
- Average New Listings Per Day: 1.79
- Total Sold (Last 12 Months): 523 homes
- Active-to-Sold Ratio: 1.25:1
Key Insight:
Inventory in this range is increasing, yet demand remains strong. Sellers still maintain an advantage, though buyers enjoy a bit more breathing room.
$550K – $650K: Balanced, but Trending Toward Buyers
- Total Listings (Last 12 Months): 314 homes
- Average New Listings Per Day: 0.86
- Total Sold (Last 12 Months): 239 homes
- Active-to-Sold Ratio: 1.31:1
Key Insight:
Buyers in this price range have more options than in lower-priced segments. Sellers may need to exercise more patience.
$650K – $750K: Supply is Catching Up to Demand
- Total Listings (Last 12 Months): 184 homes
- Average New Listings Per Day: 0.50
- Total Sold (Last 12 Months): 133 homes
- Active-to-Sold Ratio: 1.38:1
Key Insight:
This range offers increased leverage for buyers. Sellers must price competitively to stand out in a market with a more balanced supply and demand dynamic.
$750K – $850K: Higher Inventory, Buyers Have More Choices
- Total Listings (Last 12 Months): 107 homes
- Average New Listings Per Day: 0.30
- Total Sold (Last 12 Months): 74 homes
- Active-to-Sold Ratio: 1.45:1
Key Insight:
Homes in this price range tend to take longer to sell, and buyers enjoy more negotiating power as a result of higher inventory.
$850K – $1M: Most Buyer-Friendly Market with High Inventory
- Total Listings (Last 12 Months): 89 homes
- Average New Listings Per Day: 0.24
- Total Sold (Last 12 Months): 56 homes
- Active-to-Sold Ratio: 1.59:1
Key Insight:
Buyers in this premium segment have the most options and the greatest leverage. Sellers in this price range must be patient and price their homes correctly to attract offers.
Final Rankings: From Tightest Inventory (Best for Sellers) to Most Available (Best for Buyers)
- $0 – $350K (Lowest inventory, most competitive)
- $350K – $450K
- $450K – $550K
- $550K – $650K
- $650K – $750K
- $750K – $850K
- $850K – $1M (Most available, most negotiable)
Key Takeaways for Sellers
- If your home is priced under $450K, expect fast sales and multiple offers.
- For homes in the $550K-$750K range, be prepared for a slightly slower pace and increased buyer negotiation.
- In the luxury market ($750K+), expect more inventory and longer selling times, which can lead to price negotiations.
Key Takeaways for Buyers
- The best price ranges for negotiation are $750K and above, where inventory is higher and sellers face more competition.
- If you’re buying under $450K, expect limited choices and rapid sales, with little room for negotiation.
- The $550K-$650K range is becoming more balanced, offering good opportunities for both buyers and sellers.
Thinking about buying or selling? Understanding the inventory trends in your price range can help you time your move perfectly. Let’s connect today to discuss how these insights can guide your next real estate decision.