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Market at a Glance - January 2024

Page 1

YEARLY AVERAGE SOLD PRICE 2015

2016

2017

2018

2019

2020

2021

2022

$227,280

$247,639

$270,189

$299,658

$324,085

$348,341

$410,593

$473,185

2023

$456,775

2024 (YTD)

$456,972

Statistics were created by Retter & Company Sotheby's International Realty based on information from the Tri-City Association of REALTORS® Multiple Listing Service. Kennewick, Pasco, Richland and West Richland.


HOMES SOLD LAST 6 MONTHS NEW & RE-SALE Richland 92 6% Kennewick 107 7%

Pasco 99 7%

W. Richland 119 8%

New Construction 328 22%

Kennewick 435 29%

Richland 337 23% Pasco 260 18%

Statistics were created by Retter & Company Sotheby's International Realty based on information from the Tri-City Association of REALTORS® Multiple Listing Service. Kennewick, Pasco, Richland and West Richland.


900

INVENTORY

800

690

700 600 500 400 300 200 100 0 JAN 600

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

UNDER CONTRACTS

500 400 300 200

243

100 0 JAN 600

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JUN

JUL

AUG

SEP

OCT

NOV

DEC

TOTAL SALES

500 400 300 200

176

100 0 JAN

FEB

MAR

10 Year Avg

APR

MAY 2021

2022

2023

Statistics were created by Retter & Company Sotheby's International Realty based on information from the Tri-City Association of REALTORS® Multiple Listing Service. Kennewick, Pasco, Richland and West Richland.

2024


CURRENT LISTING INVENTORY NEW & RE-SALE New Construction

Re-Sale

HOUSES FOR SALE

1 5 3

1 1 4 9 8 8 7

1 0 0

8 7

3 1 1 9

Kennewick

Pasco

Richland

West Richland

Statistics were created by Retter & Company Sotheby's International Realty based on information from the Tri-City Association of REALTORS® Multiple Listing Service. Kennewick, Pasco, Richland and West Richland.


CURRENT LISTING INVENTORY BY PRICE POINT

$500k-$599k 136 20%

$600k-$699k 80 11% $700k-$899k 80 12% >$900k 41 6% $0-$299k 61 9%

$300k-$499k 292 42%

Statistics were created by Retter & Company Sotheby's International Realty based on information from the Tri-City Association of REALTORS® Multiple Listing Service. Kennewick, Pasco, Richland and West Richland.


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