The Tri Cities housing market is continuing to do better. This past March 272 homes were sold, up 30% from March 2009 when 209 homes sold. Pending home sales were also up last month with 471 pending sales, when compared to the same time last year when there were only 299 pending sales. The reason for home sales and pending sales being up is due in part to the $8,000 first time home buyer tax credit and to the $6,500 tax credit for qualified buyers. The housing market in the Tri Cities is definitely on the upswing, this is especially true when looking at the number of pending sales and the number of sales. This increase in sales and pending sales also shows that the Tri Cities isn’t as affected by foreclosures or distressed properties like other areas are.
A good majority of the homes sold in the Tri City area are in the $120,000 to $170,000 range but the purchase of homes over $300,000 are on the rise. Home buyers are not as worried about paying a little more for a house because of how well the economy is doing in the area. Homes that are priced around $200,000 tend to get multiple offers and seem to sell faster than houses priced above or below that.
This Saturday and Sunday the Tri City Association of Realtors will be sponsoring an open house as part of Realtors National Open House Weekend. The Open House will showcase over 200 homes ranging in price form $120,000 up to $400,000. This event will be open from 11:00a until 4:00p on both Saturday and Sunday. For more information about the event call Marchell Mascheck at 509.845.2882 or visit the Tri City Association of Realtors’ website.
Posted by Joe and Colleen Lane Tri Cities Washington Real Estate Agents
Posted by Colleen Lane on
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