April active listings were 1294, up .8% compared to last year this time
376 new properties went under contract, 2.1% lower than April 2012
261 closings, 11.1% higher than last year this time
Average price of homes is $203,803, $4,093 higher than the same time in 2012
Months of Inventory was 5.0, compared to 5.5 months in April 2012
Inventory is up, pending sales are lower, and closed sales have increased
76 New Construction homes were sold
Current New Construction inventory is 215
This month we have added a new chart for you that shows the average days on the market for the different areas in the Tri-Cities. We can track the average days that homes are on the market before receiving an offer and also track them based on the location of the home. For example, the chart will show you that the average days on market for homes in Southeast Kennewick is 104, and homes in Central Kennewick is 63. There are a lot of reasons why some areas sell faster than others and some areas seem to go in cycles. Please take a moment to check out your area.
As far as the overall Tri-City market, once again steady is normal. Across the board our numbers showed very little change over April 2012. In fact, Active Listings, Under Contract and Average Sold Price were within ± three percent from last year. Kennewick General Hospital is moving forward in Southridge, Kadlec finished the Emergency Room Clinic on Hwy 395 and announced another clinic on Clearwater next to Winco and Benton Franklin Transit opened a new bust stop near the Southridge Sports Complex. A lot of activity continues to happen in the Tri-Cities.