Benton County is growing faster than every county in Washington state except for one. And Franklin County is in the top five of the state's fastest-growing counties.
As our current housing inventory suggests, interest rates are not keeping Tri-Cities' homeowners in their homes.
So when you see my monthly post and it shows a drop of $20,000 in the local home prices, don't be alarmed. From one month to the next, ups and downs are to be expected.
No matter what stage of life you're in, there's nothing wrong with considering a smaller home. If you don't need all the space you have right now, there could be some significant savings from moving into something smaller.
Social media can save the day when it comes time for home upgrades.
There was a pretty big gap in median home sale prices when we began 2022, but that gap was a lot smaller by the end of the year.
As recently as 2012, we had zero sales above $1,000,000! As recently as 2018, we only had two. But then ...
We've seen five straight months where days on market was double figures, and this month we're essentially right back where we were in January 2020.
Here's some good news: Most buyers and sellers who gave up on their plans in 2022 say they'll try again in 2023.
During the pandemic, when low supply and high demand led to rising home prices and very fast sales, price reductions were extremely rare. Now, more than a third of all homes for sale are having to lower their asking price in order to attract buyers.