Local Market Monitor, a real estate forecasting company based out of North Carolina has comprised a list of ten communities nationwide that have good housing market prospects. Number four in that list is the Kennewick-Pasco-Richland housing market. This company is forecasting the Tri City area to have a stable market this year. According to Carolyn Beggs, the chief operating officer, “The area’s good job growth and low unemployment rate makes it a desirable housing market.” In the past six years the Tri Cities have had an average of 1,404 homes listed for sale at the beginning of the year, now that inventory number is down to about 1,000. Home sales are up, last year a record 3,122 homes were sold, up from 2,964 in 2008.

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