Tri-Cities Real Estate Market Update: November 2023

If you’ve been finding yourself pondering the current trends and conditions of the real estate market in KennewickRichland, and Pasco, you’re in the right place. Whether you’re on the lookout to buy or sell a property in the Tri-Cities, our team’s expertise is here to guide you through the Tri-City Association of REALTORS® Monthly Housing Report for November 2023.

🏡 Average Sold Price: $469,100

The average sold price in November reflects the ongoing strength of the Tri-Cities real estate market. Whether you’re a seller looking to capitalize on the market’s upward trend or a buyer seeking a sound investment, our team can guide you through the process with expertise.

📈 Number of Homes Sold: 253

With 253 homes sold, the market continues to demonstrate robust activity. This presents a multitude of opportunities for both buyers and sellers. 

🌐 Total Active Listings: 778

The availability of 778 active listings provides a diverse range of options for homebuyers. Our team possesses an in-depth knowledge of the local neighborhoods, allowing us to match you with the property that perfectly suits your needs and preferences.

💰 Median Sold Price: $416,000

The median sold price of $416,000 indicates a well-balanced market, offering competitive pricing for both buyers and sellers. 

🕒 Average Days on Market: 39

With an average of 39 days on the market, properties are moving efficiently. Our proactive approach and strategic marketing ensure that your listing stands out, attracting potential buyers and minimizing time on the market.

📅 Pending Residential Listings: 218

The 218 pending residential listings underscore the ongoing demand in the Tri-Cities area. If you’re considering entering the market, now is an opportune time, and our team is here to guide you through the process from listing to closing.

In conclusion, the Tri-Cities real estate market remains vibrant and full of potential. Whether you’re a first-time homebuyer, an experienced investor, or a homeowner looking to sell, our team at Krista Hopkins Homes is your reliable partner in achieving your real estate goals.

November Tri-cities Real Estate Market Update

Want to stay up to date on the Tri-Cities real estate market?

Our comprehensive market reports for KennewickRichland, and Pasco provide valuable insights into the current trends and conditions of the Tri-Cities real estate market. Whether you’re looking to buy or sell a property in Tri-Cities, our team’s expertise and knowledge will guide you towards making informed decisions.

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