Pricing trends in real estate can reveal a lot about market conditions, particularly when comparing new construction with existing homes. Whether you’re buying or selling, understanding how listing and selling prices differ between these two categories can help you make informed decisions. This report breaks down price trends across the Tri-Cities, examining both listing and […]
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
Tri-Cities Real Estate Market Update: Understanding the Absorption Rate – February 2025 Read More »
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
When comparing new construction to existing homes, one of the most useful metrics is price per square foot. This figure helps buyers and sellers understand how much value they’re getting for their money and whether trends are favoring newer builds or resale homes. This analysis breaks down price per square foot trends for existing homes
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
The Tri-Cities real estate market for new construction homes has experienced notable trends over the past 12 months. This analysis focuses on single-family homes that were newly built and listed in the market, providing insights into inventory levels, pricing trends, and buyer-seller dynamics. Key Market Trends 1. Moderate Inventory with Steady Sales Over the past
New Construction Tri-Cities Real Estate Market Summary: Past 12 Months – February 4 2025 Read More »
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
Tri-Cities Real Estate Market Summary: Past 12 Months – February 4 2025 Read More »