Tri-Cities, Washington | Real Estate | Kenmore Team Monthly Market Update

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

June 2009
Active Listings = 1040*
Listings Sold = 266
Average Sold Price = $200,000
Listings Under Contract = 420*
Average Days on the Market = 112

*As of May 2009 the way the Association calculates this number changed, so we have no accurate historical data to compare to.

As compared to last month, our active listing inventory decreased slightly from 1052 to 1040. Our listings sold went from 286 homes sold in May to 266 homes sold in June. Our listings under contract went from 426 to 420.

Here are some additional interesting facts about the market…

$5,000 – $149,999 = 37%
$150,000 – $199,999 = 27%
$200,000-$249,999 = 13%
$250,000-$299,999 = 10%
$300,000-$349,999 = 3%
$350,000-$399,999 = 5%
$400,000+ =5%

So, what do all these numbers mean to you as a homeowner…

If you own a home in the $200,000 and under range and have considered moving up, right now is the time to sell and with interest rates still at a record low, the ability to afford a newer home in a higher price range just makes sense. This craze for the first-time home buyer will continue as they try to beat the November 31st deadline. 

If you have any questions about the market or about buying or selling your home please feel free to contact us at anytime at (509) 727-8977. We look forward to hearing from you soon.

This entry was posted on Thursday, July 9th, 2009 at 2:09 pm and is filed under Tri-Cites WA Real Estate Market Update. You can follow any responses to this entry through the RSS 2.0 feed.