TRI-CITIES AREA HOUSING MARKET DATA

There was a decrease in total units sold in September, with 114 sold this month in Tri-Cities Area Real Estate versus 119 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 2% versus September 2024.

Versus last year, the total number of homes available this month is higher by 59 units or 22%. The total number of active inventory this September was 326 compared to 267 in September 2024. This month's total of 326 is lower than the previous month's total supply of available inventory of 337, a decrease of 3%.

Last September, the median sale price for Tri-Cities Area Homes was $270,000. This September, the median sale price was $246,250, a decrease of 9% or $23,750 compared to last year. The current median sold price is 10% lower than in August.

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

In September, there was 2.9 months of supply available in Tri-Cities Area, compared to 2.4 in September 2024. That is an increase of 20% 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 169 homes newly listed for sale in Tri-Cities Area compared to 154 in September 2024, an increase of 10%. There were 123 current contracts pending sale this September compared to 117 a year ago. The number of current contracts is 5% higher than last September.

In September, the average sale price in Tri-Cities Area was 99.0% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 29, higher than the average last year, which was 27, an increase of 7%.





FOCUS ON: TRI-CITIES AREA HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 23803, 23805, 23834 and 23860
Units Sold 114	Active Inventory 326	Median Sale Price $246,250	Days On Market 29

Up 2% Vs. Year Ago	Up 22% Vs. Year Ago	Down -9% Vs. Year Ago	Up 7% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 114 sold this month in Tri-Cities Area Real Estate versus 119 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 2% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 59 units or 22%. The total number of active inventory this September was 326 compared to 267 in September 2024. This month's total of 326 is lower than the previous month's total supply of available inventory of 337, a decrease of 3%.
		Median Sale Price Last September, the median sale price for Tri-Cities Area Homes was $270,000. This September, the median sale price was $246,250, a decrease of 9% or $23,750 compared to last year. The current median sold price is 10% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 169	Current Contracts 123	Sold Vs. List Price 99.0%	Months of Supply 2.9

Up 10% Vs. Year Ago	Up 5% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 20% Vs. Year Ago


		Months of Supply In September, there was 2.9 months of supply available in Tri-Cities Area, compared to 2.4 in September 2024. That is an increase of 20% 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 169 homes newly listed for sale in Tri-Cities Area compared to 154 in September 2024, an increase of 10%. There were 123 current contracts pending sale this September compared to 117 a year ago. The number of current contracts is 5% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Tri-Cities Area was 99.0% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 29, higher than the average last year, which was 27, an increase of 7%.


	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.