Posts by Don Fenley
MARKET PULSE: 2025 New Home Market Maturing, Recalibrating
The Tri-Cities new-home market remained resilient through the first half of 2025, delivering solid sales performance despite higher interest rates and rising construction costs. While the pace of growth has…
Read MoreJune Pending Home Sales: A Market of Contrasts
June’s pending home sales showed a market that is both resilient and constrained. While new contracts that sellers accepted climbed 5.3% from a year ago, they retreated 5.6% from May’s…
Read MoreMARKET PULSE – Mobile home prices post small midyear increase, sales flat
So far this year, the Tri-Cities mobile home market continues to evolve with modest price gains and a steady sales pace. Total transactions are down by one sale from the…
Read MoreStability returns to Tri-Cities luxury home market
Despite some hesitancy, the Tri-Cities luxury housing market is back on track with upward momentum for the first half of 2025. There were 10 sales of $1 million plus homes…
Read MoreMARKET 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…
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