Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!
Contact us if you have any questions about the real estate market or are interested in learning more about home ownership.
Visit a Windermere Group One Open House February 18th and 19th and nominate your favorite charity for our Open House Open Hearth Project. If your charity is selected we will donate $500 to them in YOUR name!
Find info on ALL Tri-Cities Open Houses here OPEN HOUSES.
Learn more about the Windermere Group One/Tri-Cities Open House Open Hearth Project.
The January 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.
The information below offers a comparison of the January 2017 market activity vs. January 2016.
Active Inventory was down 30% this year compared to January 2016
Closed home sales held steady at 230 this year and last year
Average sales prices this year are up 0.9% compared to January 2016
For a more in-depth analysis, download our full Tri-Cities Insider Report.
Tri-Cities Insider for January 2017
Real Estate statistics were published based on data provided by the Tri-City Association of REALTORS®.