Tri-Cities Market Update | July 2024
As we move through August, the Tri-Cities real estate market continues to demonstrate strength and stability. The latest insights from the TCAR Monthly Housing Report for July 2024 provide valuable data for both buyers and sellers navigating the current market.
Key Market Statistics for July 2024:
Average Sold Price: $468,600
Number of Homes Sold: 346
Total Active Listings: 809
Median Sold Price: $435,000
Average Days on Market: 42
Pending Residential Listings: 374
Market Insights:
The average sold price of $468,600 reflects ongoing demand in the area, while the median sold price of $435,000 offers a clear picture of the typical transaction. With 346 homes sold in July, the market continues to be active, showing steady buyer interest.
There are 809 active listings available, providing a range of options for those looking to buy. Homes are selling in an average of 42 days, indicating that well-presented and accurately priced properties are moving quickly. The 374 pending listings point to continued strong activity, with many buyers currently in the process of closing deals.
How This Affects You:
For buyers, the market offers a variety of options, but it’s essential to be prepared and act swiftly when you find the right property. For sellers, the current market conditions suggest that if your home is competitively priced and in good condition, it’s likely to attract interest and sell in a reasonable timeframe.
Our Commitment to You:
At Krista Hopkins Homes, we are committed to providing every client with fair, honest, and professional service. Our team of experienced real estate agents is dedicated to helping you navigate the Tri-Cities market, whether you’re buying or selling. We understand the importance of making informed decisions and are here to offer expert guidance every step of the way.
Ready to Take the Next Step?
Whether you’re looking to buy, sell, or simply learn more about the current market, our team is here to support you. We pride ourselves on being knowledgeable, transparent, and dedicated to your success.
Contact us today to explore your options in the Tri-Cities and surrounding areas. Let’s work together to achieve your real estate goals.