Posts by Don Fenley
MARKET PULSE- June housing market up; middle market pressure dulls average sales price
The Tri-Cities housing market saw a healthy June uptick and increased middle market pressure advanced a sales distribution shift. Last month’s median sales price was up for the fifth straight…
Read MoreMARKET PULSE – Sellers increasing home price reductions
Tri-Cities home sellers are rebalancing their asking prices in the wake of slower sales, increasing inventory, consumer concerns about affordability and mortgage rates. While the overall region remains a seller’s…
Read MoreMARKET PLUSE – Seasonal surge, consumer demand drive higher May new listings
A new listing seasonal surge was underway in May with a 7.8% (81 listings) increase compared to this time last year. Most of the increase was in the mid-to top-end…
Read MoreMARKET PLUSE – $1 million plus market perks up in May
Tri-Cities high-end home market shook off April’s doldrums in May with stronger demand, quicker sales, and a dramatic price improvement. A detailed comparison with May last year shows sales volume…
Read MoreMARKET PULSE: May mobile home sales up 7.9%, sellers adjust prices to close deals
Tri-Cities manufactured home sales posted a modest 7.9% year-over-year gain in May. There were 68 sales, up from 63 last year. While overall activity ticked up, pricing patterns and time-on-market…
Read MoreNAR Chief Economist Lawrence Yun Says Mortgage Rates’ Fast Rise Hurt Housing Market, During Realtors® Legislative Meetings Economic Forum
WASHINGTON (June 3, 2025) – National Association of Realtors® Chief Economist Lawrence Yun said existing home sales will increase by 6% in 2025 and by 11% in 2026 during the…
Read MoreMARKET PULSE: Townhomes are Tri-Cities top housing market performer
April’s townhome market shows the growing appetite in the Tri-Cities area for low-maintenance and affordable housing. The regional townhome market outlook is showing signs of normalization faster than the rest…
Read MoreHomeownership has critical community, economic and social benefits
June is Homeownership Month, and this year’s observance is very different. We’re still adjusting from the hottest housing market in recent history. It’s a slow process and homeownership is taking…
Read MoreMARKET PULSE – New home sales down, size of homes and avg. price up
April’s Tri-Cities new home market saw the result of builders targeting move-up and luxury buyers. Sales were down. So was the median sales price. But the average sq. ft. per…
Read MoreMARKET PULSE – $1 million plus home market tightens, sellers show stronger price discipline
The Tri-Cities $1-million plus housing market is showing signs of tightening. There was one closing in April. That’s five fewer than last year. Last month’s top sale was $1.2…
Read More