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 July.

July 2009
Active Listings = 1067*
Listings Sold = 336
Average Sold Price = $194,600
Listings Under Contract = 414*
Average Days on the Market = 107

*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 increased slightly from 1040 to 1067. Our listings sold went from 329 homes sold in June to 336 homes sold in July. Our listings under contract went from 420 to 414.

Here are some additional interesting facts about the market…

$5,000 – $149,999 = 36%
$150,000 – $199,999 = 25%
$200,000-$249,999 = 18%
$250,000-$299,999 = 11%
$300,000-$349,999 = 5%
$350,000-$399,999 = 2%
$400,000+ =3%

So, the numbers are still showing that 61% of the homes sold last month were $200,000 and under. If you have a home within this price range and have considered moving up, combined with the the low interest rates, now is the time. 

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

This entry was posted on Thursday, August 6th, 2009 at 3:03 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.