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Market at a Glance - November 2023

Page 1

YEARLY AVERAGE SOLD PRICE 2014

$216,270

2015

$227,280

2016

2017

2018

2019

2020

2021

2022

2023 (YTD)

$247,639

$270,189

$299,658

$324,085

$348,341

$410,593

$473,185

$457,845

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 81 5% Kennewick 115 7%

Pasco 104 6%

W. Richland 120 7%

New Construction 325 19%

Kennewick 533 32%

Richland 402 24%

Pasco 311 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

800 700 600

559

592

574 592

JAN

FEB

MAR

632

686

740

783 785

819

797

AUG

OCT

NOV

500 400 300 200 100 600

APR

MAY

JUN

JUL

SEP

DEC

UNDER CONTRACTS

500 400 300 200

310 209

242

266

279

295

313

APR

MAY

JUN

JUL

AUG

306

292

319

JUN

JUL

AUG

301

273

260

SEP

OCT

256

260

SEP

OCT

176

100 0 JAN 600

FEB

MAR

NOV

DEC

TOTAL SALES

500 400 300

263

200 100

175

240

261

237

181

0 JAN

FEB

MAR

10 Year Avg

APR

MAY 2020

2021

NOV

2022

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.

DEC

2023


CURRENT LISTING INVENTORY NEW & RE-SALE New Construction

Re-Sale

HOUSES FOR SALE

1 8 3

1 2 8

1 2 1

1 2 4

1 0 0 7 8

4 6

2 4

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

$600k-$699k 91 12% $500k-$599k 153 20%

$700k-$899k 83 11% >$900k 63 8%

$300k-$499k 298 38%

$0-$299k 83 11%

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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