According to a press release from the Tri-City Association of Realtors, the average sold price for a home during the month of May was $317k.

That's quite an increase compared to May of 2016 when the average sold price was $248k!

The same stat for July of last year peaked at $311k, but fell to $292 in October 2018. Since January 2019, every average sold price this year has been over $300k.

Is there a repeat of a 2008 bubble? If yes, will it burst? Experts say not anytime soon.

That's great news if you own a home, less great if you're trying to own one. But the health of the Tri-Cities market long term suggests if you bite the bullet and get a home, it will be a good investment for the 10, 20, or 30 years you live in the home.

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