The March 2020 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including an inventory of active homes for sale, months of inventory, total homes sold and the average sales price.
With many questions of how our local real estate market is coping with current events, we video chatted with one of our Realtors, Cassandra Smith to get you the inside scoop.
Well it’s been awhile since we checked in on our local stats! Home sales are actually UP over last year. If we look at our snapshot from March of last year we can see an increase of 74 homes sold. Prices are trending slightly upward but I wasn’t too surprised to see us add a few days on market on average. With the temporary shut down of real estate services we weren’t able to show homes so if your Realtor didn’t have a plan in place to market your home virtually, it likely sat a few extra days without activity.
Overall, we have seen minimal changes so far compared to past years despite current events. This week alone 95 new listings hit the market and within days a quarter of those were already under contract. The market is moving and we still have ways to help achieve your real estate needs while staying home and staying safe. For more information about Real Estate during this time, please contact your Windermere Realtor or visit https://windermeregroupone.com/corona-virus/
Download our Full Market Report: March 2020 – Tri-Cities Insider
If you have any questions about the report, give us a call at (509) 946-1188 or email us at [email protected]
The Tri-Cities Insider is a monthly publication; if you would like to receive the report in your inbox each month please reach out to your Windermere Realtor®. If you do not have a Windermere Realtor® but would still like the report emailed to you please give us a call at (509) 946-1188 or send us an email subjected “Tri-Cities Insider” at [email protected].
Real Estate statistics were published based on data provided by the Tri-City Association of REALTORS®. Neither Windermere Group One, the Association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.