Real estate agents in the Tri City area are feeling positive over the 2% increase in home sales last year, which was comparable to the year 2011. Modest growth and average sale prices means steady growth, which is good as the local market will avoid the spikes and drops seen across the nation. Although the higher end homes priced above the $350,000 mark are still suffering and there is a slight shortage of homes below the $250,000 price, the steady growth is expected to continue throughout 2013 with Kennewick’s Southridge and Richland’s Badger Mountain prepared for growth. New homes accounted for 27 percent of the homes sold in 2012 with Pasco actually down about 4% due to fewer new homes being built there. Both Kennewick and Richland are up 2%.
Source: Tri City Herald “Home sales see bump in 2012”