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Snowbody Can Stop the Tri-Cities

Posted by Windermere Real Estate on Friday, March 8th, 2019 at 12:59pm.

According to data from the National Weather Service, Tri-Cities, Washington has seen the most February snowfall since 1916. Averaging almost an inch per day, Tri-Cities has seen over 24 inches of snow this past month.

Businesses shut their doors multiple times during the month to keep staff safe. Citizens stayed home unable to break the snow barriers rising in their drive ways. Those who had previously bought snow blowers and plows asked, "who’s laughing now"? One citizen was even able to profit off his plow purchase by plowing snow for residents and local businesses. Shoveling in over $30,000 in two weeks.

The snow has affected the Tri-Cities in numerous ways. But did the snow have an influence on Tri-Cities’ real estate market as well? Let’s look:

With people avoiding the snowy roads, home showings decreased compared to this time last year. This caused the average days a home sat on the market before being sold to increase slightly. It also very well could be the cause for less homes being sold despite a higher inventory compared to last year.

The easy answer is yes, the snow affected Tri-Cities’ real estate market but it didn’t slow down the market too much thanks to our hard-working Realtors®. Realtors® worked around the clock shoveling snow at their listings ensuring potential buyers would have access. Some even did video walk-thrus to send to their buyers. Virtual showings actually increased compared to previous years, although this could be more of a result of advancing technology than being snowed in.

With the snow finally melting and spring arriving (about time!), we’ve already seen an increase in open house showings and an increase in homes on the market. Only time will tell if the average days on market levels off but, so far, the market is looking to spring forward!

 

Some more snow fun:

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