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Market at a Glance - October 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

$454,837

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 87 5%

Pasco 110 6%

W. Richland 122 7%

Kennewick 120 7%

New Construction 336 19%

Kennewick 525 31%

Richland 422 25% Pasco 312 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

AUG

OCT

500 400 300 200 100 600

APR

MAY

JUN

JUL

SEP

NOV

DEC

NOV

DEC

NOV

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

100 0 JAN 600

FEB

MAR

TOTAL SALES

500 400 300

263

200 100

175

240

261

181

0 JAN

FEB

MAR

10 Year Avg

APR

MAY 2020

2021

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.

2023


CURRENT LISTING INVENTORY NEW & RE-SALE New Construction

Re-Sale

HOUSES FOR SALE

2 0 2

1 2 6

1 2 4

1 1 5

1 0 1 7 7

4 8

Kennewick

Pasco

Richland

2 6 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 94 12% $500k-$599k 150 19%

$700k-$899k 88 11%

>$900k 71 9%

$300k-$499k 294 38%

$0-$299k 88 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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