Tri-Cities, January 2012
The Tri-Cities had 245 new properties go under contract in January 2012, up 9% from January 2011. As of the end of January 2012, active inventory was 1128, an 18.2% increase from January 2011, but consistent with inventory levels for the 4th quarter of 2011. There were 152 closings in January 2012, compared to 161 in January 2011. Months of Inventory was 7.4, up from 5.9 in January 2011. The average price of homes sold January 2012 was $204,551 up $12,533 from the same time in 2011.
The new year has started off strong and robust. Sales activity is very strong with 245 offers written and accepted in January. This is a nice increase from 2011, and over 100 more sales than January 2009.
Interest rates remain low and should stay there through the summer of 2013. We believe that owning a home will always be a great long term investment and an important part of a balanced investment portfolio.
For more information about homes for sale in Richland, West Richland, Pasco, Kennewick and the surrounding communities, please contact us.
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Windermere Group One/Tri-Cities
490 Bradley Blvd.
Richland, WA 99352