TRI-CITIES AREA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 124 sold this month in Tri-Cities Area Real Estate versus 152 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 2% versus July 2024.

Versus last year, the total number of homes available this month is higher by 28 units or 10%. The total number of active inventory this July was 303 compared to 275 in July 2024. This month's total of 303 is higher than the previous month's total supply of available inventory of 265, an increase of 14%.

Last July, the median sale price for Tri-Cities Area Homes was $251,550. This July, the median sale price was $269,975, an increase of 7% or $18,425 compared to last year. The current median sold price is 1% higher than in June.

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

In July, there was 2.4 months of supply available in Tri-Cities Area, compared to 2.2 in July 2024. That is an increase of 12% 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 203 homes newly listed for sale in Tri-Cities Area compared to 180 in July 2024, an increase of 13%. There were 129 current contracts pending sale this July compared to 127 a year ago. The number of current contracts is 2% higher than last July.

In July, the average sale price in Tri-Cities Area was 99.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 26, higher than the average last year, which was 23, an increase of 13%.





FOCUS ON: TRI-CITIES AREA HOUSING MARKET			JULY 2025

Zip Code(s): 23803, 23805, 23834 and 23860
Units Sold 124	Active Inventory 303	Median Sale Price $269,975	Days On Market 26

Down -2% Vs. Year Ago	Up 10% Vs. Year Ago	Up 7% Vs. Year Ago	Up 13% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 124 sold this month in Tri-Cities Area Real Estate versus 152 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 2% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 28 units or 10%. The total number of active inventory this July was 303 compared to 275 in July 2024. This month's total of 303 is higher than the previous month's total supply of available inventory of 265, an increase of 14%.
		Median Sale Price Last July, the median sale price for Tri-Cities Area Homes was $251,550. This July, the median sale price was $269,975, an increase of 7% or $18,425 compared to last year. The current median sold price is 1% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 203	Current Contracts 129	Sold Vs. List Price 99.6%	Months of Supply 2.4

Up 13% Vs. Year Ago	Up 2% Vs. Year Ago	No Change Vs. Year Ago	Up 12% Vs. Year Ago


		Months of Supply In July, there was 2.4 months of supply available in Tri-Cities Area, compared to 2.2 in July 2024. That is an increase of 12% 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 203 homes newly listed for sale in Tri-Cities Area compared to 180 in July 2024, an increase of 13%. There were 129 current contracts pending sale this July compared to 127 a year ago. The number of current contracts is 2% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Tri-Cities Area was 99.6% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 26, higher than the average last year, which was 23, an increase of 13%.


	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.