If you've been wondering what's happening in the Tri-Cities real estate market, the latest numbers paint a very encouraging picture.

As of July 29, 2026, the market continues to show strength while becoming more balanced for both buyers and sellers. Inventory has grown, home values continue to appreciate, and buyer demand remains healthy. Unlike the fast-paced frenzy of recent years, today's market offers more opportunities without losing momentum.

Whether you're planning to buy, sell, or simply keeping an eye on the market, here's what the latest statistics mean for you.

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More Homes Available Means More Opportunities

One of the biggest changes in today's market is the increase in available homes.

Active Residential Listings

• 2026: 1,186
• 2025: 1,145
• 2024: 818

For buyers, this is excellent news.

With more homes on the market, you have:

• More properties to choose from
• Less pressure to make rushed decisions
• Greater negotiating opportunities
• A better chance of finding the right home

For sellers, increased inventory means strategy matters more than ever. Homes that are priced correctly, professionally marketed, and presented well continue to attract buyers and sell successfully.

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Buyers Are Still Active

Even with more homes available, buyers haven't stopped purchasing.

Contracts Written (Year-to-Date)

• 2026: 2,292
• 2025: 2,179
• 2024: 2,157

Buyer activity has actually continued to increase over the past three years.

Despite changing mortgage rates and more inventory, buyers remain confident in the Tri-Cities market and continue writing contracts at a healthy pace.

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Home Sales Continue to Climb

Closed sales tell us what's actually happening—not just what buyers are considering.

Residential Sales (Year-to-Date)

• 2026: 2,093
• 2025: 1,962
• 2024: 1,955

The continued increase in closed transactions shows buyers and sellers are successfully finding common ground.

Homes are selling, buyers are moving, and the market continues to perform well.

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Home Values Continue to Rise

One of the strongest indicators of a healthy housing market is appreciation.

Average Sold Price

• 2026: $485,641
• 2025: $479,974
• 2024: $459,358

Median Sold Price

• 2026: $440,000
• 2025: $432,115
• 2024: $422,850

Although appreciation has moderated compared to the rapid increases seen during the pandemic years, home values continue to trend upward.

For homeowners, that's great news. Continued appreciation means more equity and stronger long-term wealth through homeownership.

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Homes Are Still Selling Quickly

While buyers have more choices today, well-priced homes are still moving.

Average Days on Market

• 2026: 57 Days
• 2025: 51 Days
• 2024: 50 Days

An extra week on the market compared to last year doesn't indicate a slowdown—it signals a healthier, more balanced market.

The homes that sell the fastest continue to have three things in common:

• Competitive pricing
• Professional marketing
• Great presentation

Preparing your home before listing has never been more important.

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New Construction Continues to Thrive

New construction remains an important part of the Tri-Cities housing market.

Active New Construction Listings

• 2026: 322
• 2025: 334
• 2024: 254

New Construction Sales (Year-to-Date)

• 2026: 489
• 2025: 454
• 2024: 477

Average New Construction Sale Price

• 2026: $534,177
• 2025: $521,208
• 2024: $506,672

Builders continue developing new communities throughout Kennewick, Richland, Pasco, and West Richland, giving buyers more opportunities to purchase a brand-new home while helping meet the area's growing housing demand.

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What Does This Mean for Buyers?

Today's market offers one of the best combinations we've seen in years.

You have:

• More inventory to choose from
• Less competition on many homes
• More room for negotiation
• Continued confidence that home values remain strong

If you've been waiting for more options, this may be the opportunity you've been hoping for.

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What Does This Mean for Sellers?

Demand remains healthy, and buyers are still actively purchasing homes.

However, success today comes down to strategy.

That means:

• Pricing your home correctly from day one
• Investing in professional photography
• Marketing your home where today's buyers are searching
• Making sure your home stands out from the competition

The right marketing plan can make all the difference.

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What If You're Waiting?

Trying to perfectly time the real estate market is incredibly difficult.

Instead of focusing on whether prices might rise or fall a few percentage points, focus on what makes sense for your personal goals, finances, and timeline.

Today's Tri-Cities market continues to show stability, giving both buyers and sellers confidence to move when the time is right for them.

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Final Thoughts

The July 2026 market statistics continue to tell a positive story for the Tri-Cities.

✔ Inventory has increased, giving buyers more opportunities.

✔ Buyer demand remains strong.

✔ Closed sales continue to rise.

✔ Home values continue appreciating.

✔ New construction remains active throughout the region.

Overall, we're seeing a healthy, balanced real estate market that benefits both buyers and sellers.

Whether you're buying your first home, upgrading to your next home, downsizing, investing, or preparing to sell, understanding these local trends can help you make smarter real estate decisions.

If you're curious what these numbers mean for your neighborhood—or you'd like to know what your home is worth in today's market—I'd love to help. Together, we'll build a strategy that's tailored to your goals and helps you make your next move with confidence.