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 August.

August 2009
Active Listings = 1047*
Listings Sold = 290
Average Sold Price = $189,500
Listings Under Contract = 395*
Average Days on the Market = 98

*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 1067 to 1047. Our listings sold went from 344 homes sold in July to 290 homes sold in August. Our listings under contract went from 414 to 395. Average days on the market went down from 107 to 98.

Here are some additional interesting facts about the market…

$0,000 – $149,999 = 36%
$150,000 – $199,999 = 29%
$200,000-$249,999 = 12%
$250,000-$299,999 = 12%
$300,000-$349,999 = 6%
$350,000-$399,999 = 3%
$400,000+ =2%

So, the numbers are still showing that 65% 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. The First-Time Homebuyer Tax Credit deadline requires a closing by November 30th.

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, September 3rd, 2009 at 12:00 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.