As we head toward the halfway point of the year, it’s time to take a look at some recent market trends and what they mean for buyers and sellers. Here’s what you need to know.
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We’re nearly halfway through the year already. Can you believe it? Today I thought it would be a good time to give you a quick update on some trends that I’ve been seeing in the Pierce County real estate market so far in 2019.
For your convenience, I’ve provided timestamps below that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:30- A look at the current absorption-based pricing index (aka supply and demand)
1:05- How pricing trends have changed in just the last six months in Pierce County?
3:45- Why it was a good thing for our market to see a decrease in home appreciation
4:10- What’s currently available to buyers in Pierce County?
4:45- The two types of markets for home sellers right now
5:30- A final look at our absorption rate and what that means in this market
If you have any questions for me or would like to see the statistics for your specific neighborhood, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
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