Tri-Cities Home Market Update

Weekly Market Status Update as of August 30, 2013        

                                                         2013                     2012

Active Homes                                1625                     1771

Average Active DOM                    111                        97             

U/C Homes last 30 Days               211 Avg(74)        161 Avg(63)

The market is better than last year, but the number of sales in the last 30 days is down by 13% from the prior 30 day period (July).  This may be part of seasonal slowing and part due to rising interest rates.  The market should continue to be good for the next 30 days at least.  Once again, homes that are neat, clean and updated are selling.  Homes with deferred maintenance and outdated are left sitting on the market.  The homes that are selling now have an average DOM of 84.  So if your listing is taking longer than that, then it might be time to start thinking to make some changes.