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 better understand inventory trends in the Tri-Cities market.
This analysis compares West Richland, Richland, Pasco, and Kennewick, highlighting shifts in new listings and what they mean for buyers and sellers.
How Has the Number of Homes Entering the Market Changed?
New Listings in the Last Four Months
| City | Feb 2025 (MTD) | Jan 2025 | Dec 2024 | Nov 2024 | 4-Month Trend |
|---|---|---|---|---|---|
| West Richland | 1 | 13 | 17 | 16 | Significant decline |
| Richland | 3 | 46 | 24 | 49 | Decline after January peak |
| Pasco | 4 | 58 | 41 | 44 | Big drop in February |
| Kennewick | 5 | 73 | 44 | 55 | Listings cut sharply in February |
Key Takeaways
- Dramatic slowdown in new listings this month
- In February 2025, new listings have dropped by more than 90% across all cities compared to January.
- West Richland was hit hardest, with just one new listing so far in February compared to 13 in January and 17 in December.
- Kennewick and Pasco also saw sharp drops, with new listings cut by more than 90% compared to last month.
- January saw a surge in new listings before the February drop
- January was the busiest month for new listings in Kennewick (73), Pasco (58), and Richland (46), likely as sellers entered the market after the holidays.
- Inventory was more stable in November and December
- In November and December, the number of new listings stayed relatively steady, averaging:
- 16-17 per month in West Richland
- 44-49 per month in Richland and Pasco
- 55 per month in Kennewick
- In November and December, the number of new listings stayed relatively steady, averaging:
What This Means for Buyers and Sellers
For buyers:
- With new listings down significantly, expect more competition for available homes.
- Act quickly on well-priced homes, as fewer options could lead to faster sales.
- Kennewick and Pasco still offer more choices compared to West Richland, where inventory is extremely tight.
For sellers:
- This is an opportunity. With fewer homes entering the market, sellers may face less competition, leading to stronger offers.
- If you’re considering listing, now could be a great time before inventory picks up again in spring.
Final Thoughts
New listings in the Tri-Cities have dropped significantly in February after a busy January. With fewer homes entering the market, buyers will need to move quickly, while sellers may benefit from reduced competition. As we approach spring, it will be important to watch if listing activity picks back up.
For expert guidance on buying or selling, reach out to ryan@kenmoreteam.com or call 509.987.4544.