08/31/2026
π‘π MONDAY MARKET UPDATE | TRI CITIES, WA ππ‘
A new week means new numbers for the Tri Cities real estate market, and there are a few things that really caught my attention this week! π
From August 24 through August 31, 89 new listings hit the market across Kennewick, Pasco, Richland, West Richland and the surrounding Tri Cities area.
π 89 New Listings
π₯ 12 Pending or Under Contract
π‘ 76 Still Active
β 1 Withdrawn
π° PRICING SNAPSHOT
β¬οΈ Highest List Price: $1,250,000
β¬οΈ Lowest List Price: $2,000
π Average List Price: $462,779
π‘ Median List Price: $459,900
π΅ Total Listing Volume: $41,187,387
Here is what I find interesting...
Last week we had 110 new listings. This week we had 89. That is about a 19% drop in new inventory in just one week. At the same time, 12 of this week's new listings have already found buyers. π₯
Does that mean the market is suddenly changing? Not necessarily. But as we wrap up summer and head into September, it is definitely something I am watching.
For SELLERS, fewer new listings could mean less fresh competition, but pricing, presentation and marketing still matter tremendously. π‘
For BUYERS, there are still opportunities to negotiate, especially with homes that have been sitting on the market. But the best homes can still move quickly when they are priced right. π
I went MUCH deeper in this week's blog, including what I am seeing locally, what is happening nationally, mortgage rates and what I think we could see in the Tri Cities market as we head into September. ππΊπΈ
π READ THE FULL MONDAY MARKET UPDATE HERE:
[Tri Cities WA Real Estate Market Update | August 24 to 31, 2026](https://www. vrgrealty. com/blog/tri-cities-wa-real-estate-market-update-august-24-31-2026/)
Thinking about buying, selling or just curious what your home might be worth in today's market? Send me a message. I am always happy to talk real estate! π‘π
Jason Phipps
Owner & Designated Broker
VRG Realty LLC
π VRGRealty. com
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