Move Over Seattle, Tri-Cities is Hottest NW Housing Market!

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“Move over Seattle, Tri-Cities is hottest NW housing market” was the headline of Sunday’s Tri-City Herald. This area has been named the 18th hottest in the U.S. and the only area in the Pacific Northwest to qualify for the index, which is based on # of days on market and # of listing views on Realtor.com. The article states “The median Tri-City home has been on the market for just 40 days. A normal market is about 72 days,” and “Since January, the median price of a local home has climbed about 4%, to $234,000.” This price increase is the result of low supply and high demand, and homes for sale are currently in high demand in our seller’s market.

We’ve found the fastest-moving price range to be the under-$200,000 range. In this price range we’ve been able to help buyers by watching new listings come on the market, making appointments to see the home that day, and writing up offers within the hour when we found the right house for the buyer. The saying “if you have to sleep on it, you won’t sleep in it” has definitely applied in this price range!

The advantage to using our team of two agents is that one of us can take care of other business or family obligations, ensuring the other is available for buyers who need to see a house immediately or risk losing the opportunity for that house to become their home. In several instances this spring/summer, we were able to gain a competitive edge and win first-day-on-market multiple offer situations by working as a team when time was of the essence. We also help potential buyers find homes the day they hit the market by setting them up to receive emails directly from the MLS when a home that falls within their criteria range is listed.

Rising prices means your home may be worth more than you think, and since buyers are still able to take advantage of low interest rates, there has not been a better time to sell a Tri-Cities home in the past 10 years. Zillow’s “Zestimate” and county assessor property values are usually incorrect, so give us a call at (509)845-4570 for assistance. If you’re a seller we’ll provide you with a free market analysis of current prices in your neighborhood, and if you’re a potential buyer we’ll set you up to receive no-obligation emails directly from the MLS when homes hit the market.

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