Tri-City housing market shows mixed signs in March
Home sales were mixed in April 2025, according to the latest figures from the Tri-City Association of Realtors. While prices rose and homes were moving faster than the previous month, the number of homes sold fell slightly from March to the second lowest level for April since 2013.
Courtesy Karen Jackson PhotographyThe Tri-Cities housing market continues to show strong demand though there were signs of that easing in March.
According to the Tri-City Association of Realtors, 271 homes were sold in March, up from 259 in February. As of March 31, 730 homes have been sold in the area, the highest number sold in the first quarter since 2022.
However, the number of sales was the lowest in March since at least 2022. The average sold price slipped to $479,500 after hitting a record high point in February. The median sales price dropped slightly to $430,600 and inventory hit the highest mark since last fall with more than 800 active listings.
And while homes are moving faster than earlier in the year, the average and median days on the market for listings – 60 days and 35 days, respectively – also are the highest for this time of year in years.
