TRI-CITIES AREA HOUSING MARKET DATA

There was a decrease in total units sold in June, with 151 sold this month in Tri-Cities Area Real Estate versus 154 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 1% versus June 2024.

Versus last year, the total number of homes available this month is lower by 29 units or 11%. The total number of active inventory this June was 237 compared to 266 in June 2024. This month's total of 237 is lower than the previous month's total supply of available inventory of 260, a decrease of 9%.

Last June, the median sale price for Tri-Cities Area Homes was $286,000. This June, the median sale price was $268,000, a decrease of 6% or $18,000 compared to last year. The current median sold price is 5% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 1.6 months of supply available in Tri-Cities Area, compared to 1.7 in June 2024. That is a decrease of 10% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 138 homes newly listed for sale in Tri-Cities Area compared to 163 in June 2024, a decrease of 15%. There were 129 current contracts pending sale this June compared to 139 a year ago. The number of current contracts is 7% lower than last June.

In June, the average sale price in Tri-Cities Area was 100.1% of the average list price, which is 0.6% higher than at this time last year.

This month, the average number of days on market was 25, lower than the average last year, which was 31, a decrease of 19%.





FOCUS ON: TRI-CITIES AREA HOUSING MARKET			JUNE 2025

Zip Code(s): 23803, 23805, 23834 and 23860
Units Sold 151	Active Inventory 237	Median Sale Price $268,000	Days On Market 25

Down -1% Vs. Year Ago	Down -11% Vs. Year Ago	Down -6% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 151 sold this month in Tri-Cities Area Real Estate versus 154 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 1% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 29 units or 11%. The total number of active inventory this June was 237 compared to 266 in June 2024. This month's total of 237 is lower than the previous month's total supply of available inventory of 260, a decrease of 9%.
		Median Sale Price Last June, the median sale price for Tri-Cities Area Homes was $286,000. This June, the median sale price was $268,000, a decrease of 6% or $18,000 compared to last year. The current median sold price is 5% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 138	Current Contracts 129	Sold Vs. List Price 100.1%	Months of Supply 1.6

Down -15% Vs. Year Ago	Down -7% Vs. Year Ago	Up 0.6% Vs. Year Ago	Down -10% Vs. Year Ago


		Months of Supply In June, there was 1.6 months of supply available in Tri-Cities Area, compared to 1.7 in June 2024. That is a decrease of 10% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 138 homes newly listed for sale in Tri-Cities Area compared to 163 in June 2024, a decrease of 15%. There were 129 current contracts pending sale this June compared to 139 a year ago. The number of current contracts is 7% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Tri-Cities Area was 100.1% of the average list price, which is 0.6% higher than at this time last year. Days on Market This month, the average number of days on market was 25, lower than the average last year, which was 31, a decrease of 19%.


	Tri-Cities Area are defined as properties listed in zip code/s 23803, 23805, 23834 and 23860 .
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.