Tri-Cites WA Real Estate Market Update

July 7th, 2011

Here is the Kenmore Team month end real estate market update for the month of June 2011.

June 2011
Active Listings = 1238
Listings Sold = 273
Average Sold Price = $204,700
Listings Under Contract = 343
Average Days on the Market = 54

As compared to last month our numbers increased slightly across the board. Our active listing inventory increased from 1202 to 1238. Our listings sold increased from 254 homes sold in May to 273 sold in June. Our listings under contract also increased from 307 to 343. Average days on the market stayed pretty much the same from 56 to 54.

Here is what is sold in June by price breakdown…
$0,000 – $149,999 = 31%
$150,000 – $199,999 = 29%
$200,000-$249,999 = 16%
$250,000-$299,999 = 11%
$300,000-$349,999 = 5%
$350,000-$399,999 =3%
$400,000-$499,999 = 3%
$500,000+ = 6 homes sold

The June housing market was stable, reflected by the increase in the number of homes sold, and looks to continue according to the number of homes under contract. Interest rates remain at an all time low, so if you are looking to purchase a home, now may be the time.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

June 3rd, 2011

Here is the Kenmore Team month end real estate market update for the month of May 2011.

May 2011
Active Listings = 1202
Listings Sold = 238
Average Sold Price = $207,600
Listings Under Contract = 307
Average Days on the Market = 56

As compared to last month our numbers decreased slightly with the exception of our active listing inventory. Our active listing inventory increased from 1128 to 1202. However, our listings sold decreased slightly from 255 homes sold in April to 238 sold in May. Our listings under contract also decreased just slightly from 314 to 307. Surprisingly average days on the market dropped by 2 weeks from 70 to 56.

Here is what is sold in May by price breakdown…

$0,000 – $149,999 = 28%
$150,000 – $199,999 = 32%
$200,000-$249,999 = 15%
$250,000-$299,999 = 9%
$300,000-$349,999 = 7% (increased by 5%)
$350,000-$399,999 =5%
$400,000-$499,999 = 3%
$500,000+ = 3 homes sold

The May housing market was flat once again, reflected by the number of homes sold, and looks to continue according to the number of homes under contract. However, interest rates remain at an all time low, so if you are looking to purchase a home, now may be the time.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

May 6th, 2011

Here is the Kenmore Team month end real estate market update for the month of April 2011.

April 2011
Active Listings = 1128
Listings Sold = 246
Average Sold Price = $194,000
Listings Under Contract = 314
Average Days on the Market = 70

As compared to last month our numbers pretty much stayed the same. Our active listing inventory increased from 1021 to 1128. Our listings sold increased slightly from 243 homes sold in March to 246 sold in April. Our listings under contract also increased just slightly from 312 to 314. Average days on the market stayed exactly the same at 70.

Here is what is sold in April by price breakdown…

$0,000 – $149,999 = 33%
$150,000 – $199,999 = 30%
$200,000-$249,999 = 19%
$250,000-$299,999 = 12%
$300,000-$349,999 = 2%
$350,000-$399,999 =2%
$400,000-$499,999 = 1%
$500,000+ = 4 homes sold

The April housing market was flat, reflected by the number of homes sold, and looks to continue according to the number of homes under contract. Interest rates remain low, so if you are looking to purchase a home, now may be the time.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

April 8th, 2011

Here is the Kenmore Team month end real estate market update for the month of March 2011.

March 2011
Active Listings = 1021
Listings Sold = 217
Average Sold Price = $196,400
Listings Under Contract = 312
Average Days on the Market = 70

As compared to last month, our active listing inventory increased from 979 to 1021. Our listings sold increased from 170 homes sold in February to 217 sold in March. Our listings under contract also increased from 279 to 312. Average days on the market stayed exactly the same at 70.

Here is what is sold in March by price breakdown…

$0,000 – $149,999 = 37%
$150,000 – $199,999 = 27%
$200,000-$249,999 = 14%
$250,000-$299,999 = 10%
$300,000-$349,999 = 6%
$350,000-$399,999 = 2%
$400,000-$499,999 = 2%
$500,000+ = 4 homes sold 

The March housing market again gained momentum, reflected by the number of homes sold, and looks to continue according to the number of homes under contract.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

March 11th, 2011

Here is the Kenmore Team month end real estate market update for the month of February 2011.

February 2011
Active Listings = 979
Listings Sold = 157
Average Sold Price = $204,900
Listings Under Contract = 279
Average Days on the Market = 70

As compared to last month, our active listing inventory increased from 954 to 979. Our listings sold decreased from 161 homes sold in January to 157 sold in February. Our listings under contract however increased from 223 to 279. Average days on the market decreased slightly from 76 to 70 this month.

Here is what is sold in February by price breakdown…

$0,000 – $149,999 = 33%
$150,000 – $199,999 = 28%
$200,000-$249,999 = 15%
$250,000-$299,999 = 11%
$300,000-$349,999 = 3%
$350,000-$399,999 = 4%
$400,000-$499,999 = 3%
$500,000+ = 4 homes sold 

The February housing market gained momentum, not reflected yet in the number of homes sold, however, looking at the increase in the number of homes under contract, we should see further strength in those numbers next month.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

February 3rd, 2011

Here is the Kenmore Team month end real estate market update for the month of January 2011.

January 2011
Active Listings = 954
Listings Sold = 145
Average Sold Price = $193,800
Listings Under Contract = 223
Average Days on the Market = 76

As compared to last month, our active listing inventory increased from 922 to 954. Our listings sold decreased dramatically from 240 homes sold in December to 145 sold in January. Our listings under contract however increased from 188 to 223. Average days on the market increased from 60 to 76 this month.

Here is what is sold in January by price breakdown…

$0,000 – $149,999 = 34%
$150,000 – $199,999 = 27%
$200,000-$249,999 = 18%
$250,000-$299,999 = 10%
$300,000-$349,999 = 8%
$350,000-$399,999 = 1%
$400,000-$499,999 = 1%
$500,000+ = 3 homes sold 

The January housing market slowed dramatically in the number of homes sold, however, looking at the increase in the number of homes under contract, we should see some strength in those numbers next month.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 727-8977. We look forward to hearing from you soon.

January 6th, 2011

Here is the Kenmore Team month end real estate market update for the month of December.

December 2010
Active Listings = 922
Listings Sold = 229
Average Sold Price = $205,700
Listings Under Contract = 188
Average Days on the Market = 60

As compared to last month, our active listing inventory decreased from 972 to 922. Our listings sold stayed the same from 230 homes sold in November to 229 sold in December. Our listings under contract decreased from 234 to 188. Average days on the market decreased from 68 to 60 this month.

Here is what is sold in December by price breakdown…

$0,000 – $149,999 = 29%
$150,000 – $199,999 = 30%
$200,000-$249,999 = 16%
$250,000-$299,999 = 12%
$300,000-$349,999 = 7%
$350,000-$399,999 = 3%
$400,000-$499,999 = 2%
$500,000+ = 3 homes sold 

Our days on the market continue to drop which is an indication of how powerful the low interest rates have been during this time, along with a lower inventory.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 727-8977. We look forward to hearing from you soon.

December 16th, 2010

Here is the Kenmore Team month end real estate market update for the month of November.

November 2010
Active Listings = 972
Listings Sold = 217
Average Sold Price = $199,000
Listings Under Contract = 234
Average Days on the Market = 68

As compared to last month, our active listing inventory decreased from 1021 to 972. Our listings sold decreased slightly from 246 homes sold in October to 234 sold in November. Our listings under contract decreased from 278 to 234. Average days on the market decreased from 90 to 68 this month.

Here is what is sold in November by price breakdown…

$0,000 – $149,999 = 27%
$150,000 – $199,999 = 30%
$200,000-$249,999 = 23%
$250,000-$299,999 = 13%
$300,000-$349,999 = 3%
$350,000-$399,999 = 3%
$400,000-$499,999 = 1%
$500,000+ = 2 homes sold 

If you have any questions about buying a home or selling your home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 727-8977. We look forward to hearing from you soon.

November 4th, 2010

Here is the Kenmore Team month end real estate market update for the month of October.

October 2010
Active Listings = 1021
Listings Sold = 230
Average Sold Price = $199,600
Listings Under Contract = 278
Average Days on the Market = 90

As compared to last month, our active listing inventory decreased from 1070 to 1021. Our listings sold decreased slightly from 249 homes sold in September to 230 sold in October. Our listings under contract decreased from 284 to 278. Average days on the market decreased from 116 to 90 this month.

Here is what is sold in October by price breakdown…

$0,000 – $149,999 = 32%
$150,000 – $199,999 = 29%
$200,000-$249,999 = 16%
$250,000-$299,999 = 11%
$300,000-$349,999 = 5%
$350,000-$399,999 = 3%
$400,000-$449,999 = 2%
$450,000-$499,999 = 1%
$500,000+ = 3 homes sold 

If you have any questions about buying a home or selling your home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 727-8977. We look forward to hearing from you soon.

October 21st, 2010

Here is the Kenmore Team month end real estate market update for the month of September.

September 2010
Active Listings = 1070
Listings Sold = 221
Average Sold Price = $201,200
Listings Under Contract = 284
Average Days on the Market = 116

As compared to last month, our active listing inventory stayed virtually the same at 1070 as compared to 1098. Our listings sold decreased from 249 homes sold in August to 221 sold in September. Our listings under contract decreased slightly from 309 to 284. Average days on the market decreased slightly from 129 to 116.

Here is what is sold in September by price breakdown…

$0,000 – $149,999 = 32%
$150,000 – $199,999 = 31%
$200,000-$249,999 = 13%
$250,000-$299,999 = 12%
$300,000-$349,999 = 3%
$350,000-$399,999 = 5%
$400,000-$449,999 = 2%
$450,000-$499,999 = 2%
$500,000+ = 6 homes sold

So, our third month monitoring the market, shows a slowing, however we only have a 4 month supply of homes, which creates a healthy market. Interest rates remain low still driving the market on new purchases. 

If you have any questions about buying a home or selling your home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 727-8977. We look forward to hearing from you soon.