Now that we’re into February 2021, it’s time to look back on the numbers from January and see what they say about our Pierce County market. If you’re a seller, you’ll be quite pleased. The median sale price in Pierce County held steady at $440K compared to the month before and was WAY higher compared to the year before. The situation is tougher for buyers, but the good news there is that interest rates are still historically low. To find out more, watch my latest video.
Feel free to watch the video above in its entirety to get the full scoop on our market, or use these timestamps to skip ahead to various sections at your leisure:
0:22—The year-over-year median sale price increase
1:33—The median days on market
1:54—The year-over-year pending listings increase
2:21—Active listings versus number of sales
3:33—The impact of monthly housing inventory on home prices
4:29—The months of inventory has dwindled dramatically
5:27—Why sellers are holding all the cards
6:31—Wrapping things up
As always, if you have questions about our Pierce County market or any real estate needs I can assist you with, don’t hesitate to reach out to me. I look forward to hearing from you.
