Tri-Cities Market Update

Stats for 4th quarter closings from 2003 (as reported by the Tri-City Association of Realtors):

03- 763
04- 809
05- 989
06- 832
07- 811
08- 637
09- 990* (*this number will continue to grow as offices add their closings over the next week that closed in 09)

These numbers prove the strength of the Tri-Cities housing market.

As of today the listing count for the 4 major cities, (not counting outlying areas) is 896. You have to go back to July of 2002 to find that low of number. Until last year the Tri-Cities averaged near 1400 homes for sale since mid-year 2004.

The Tri-Cities, as predicted, is one of if not the most stable economy and housing market in the nation. This trend looks to continue for the foreseeable future.















In 2010 we will see interest rates rise as the national economy continues to improve. As the national housing market improves and people living in rentals here can sell their homes from other parts of the country, we will see even more sales take place then the current pace.