Benchmark prices are up across the board, between 12.5-18.7% over thier 2021 counterparts. 

Detached Market: 

The June benchmark for detached homes was $265,400 higher than its 2021 counterpart.

July marks the third consecutive month (& 3rd time in just over two years) that detached home's benchmark pricing has dropped.
Following the rest of the Tri City area July's pricing decline has slowed its rate compared to May and June.
It decreased a substantial $20,600 in the last 30-days. 


April: $1,961,800 
May: $1,950,800
June: $1,874,100
July: $1,853,500

Supply:

In July detached homes saw 32 less listings than June 2022, and a 13.9% decrease over the same time last year.
Condos saw 8 fewer listings than June 2022, and a 9.8% supply increase over July 2021.
Townhouses saw 2 fewer listings than July 2022. However, supply is up 5.6% compared to July 2021.

Sales:

Sales saw for condos and townhouse's saw a massive decrease compared to both June 2022 and July 2021.
Deteched homes saw a small increased compared to June 2022, but a large decrease compared to the same time last year.
Compared to the same time last year sales are down between 49.3-55.8%

Townhouse Market:

Townhouse benchmark prices drcreased for the third consecutive month.
Townhouse benchmark pricing is down $5,800 in the last 30 days,

April: $1,149,300
May: $1,121,400
June: $1,086,500
July: $1,080,700

Townhouse benchmark pricing is $170,200 higher than the same time in 2021.

SNAPSHOT: 

Decreasing Sales. Decreasing Prices. Buyer's Market.