Sharing with you the latest trends in the Pierce County housing market.
It’s time for our comprehensive overview of the real estate landscape in Pierce County, encompassing Tacoma, Gig Harbor, and neighboring areas. Today I’ll delve into the market trends and statistics as of December 2023 and examine key metrics, such as median sale prices, market inventory, pending sales, and interest rates. My goal is to provide you with a clear understanding of the real estate climate, empowering you with information essential for making informed decisions regarding home buying or selling.
Feel free to watch the full video or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:24 — Median sales price
0:44 — List price
1:04 — Days on market
1:17 — Pending sales
1:43 — Months of inventory
2:10 — Interest rates
2:42 — Median monthly principal and interest payment
3:13 — My advice for buyers
5:29 — Wrapping up
If you have any questions about our market or need help with your real estate goals, call or email me. I’m always happy to help.
Here are the latest trends and stats in Pierce County’s real estate market.
The stats are out, and it’s time to share the latest update on the real estate market in the South Sound area, particularly focusing on Pierce County. Today, I'll delve into the current trends, statistics, and dynamics shaping the local housing market. From median sale prices to negotiation patterns, inventory challenges, and the impact of interest rates, I'll explore the defining market factors present in today's real estate landscape.
Feel free to watch the full video or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:15 — Median sale price
0:47 — List price
1:46 — Days on market
2:08 — Pending sales
2:26 — Homes for sale vs. homes sold
3:21 — Impact of monthly inventory on home prices
4:20 — Months of inventory
4:37 — Interest rates
5:10 — Monthly payment
5:40 — Median asking rent
6:18 — Important reminder
6:44 — Wrapping up
If you have any questions about our local real estate or need help with your buying or selling plans, call or email me. I’m always happy to help.
Learn about the current market so you can effectively navigate it.
When it comes to real estate, staying informed about the local market is crucial, especially in an area like the South Sound region of Washington State, specifically Pierce County. Today, we'll dive into the latest market trends and what you can expect in this thriving area.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video.
0:00 — Introducing today’s topic
0:14 — Median sales price
0:53 — List price
1:25 — Days on market
1:33 — Pending listings
1:45 — Sold listings
2:14 — The impact of inventory
2:30 — Inventory levels
2:50 — Interest rates and payments
3:25 — Cost of rent
3:40 — Year-end price forecast
4:50 — Estimated price performance
6:00 — Wrapping up
If you're curious about your specific neighborhood in the South Sound or any other area we serve, don't hesitate to reach out to me by phone or email. I’m here to provide you with accurate and informative data to help you make wise real estate decisions.
Here’s why now is a great time to purchase a home despite rising rates.
Why consider buying a home in today's market, even when interest rates are on the higher side? While some are cautiously observing from the sidelines, I've been actively investing in properties this year. Today, I’ll share why I strongly recommend that our clients do the same.
Yes, interest rates have seen an uptick, but they still hover below the 53-year historical average, currently standing at approximately 7.5%. To put it into perspective, the 53-year average for interest rates is 7.7%, so we're comfortably below that mark. Furthermore, the persistent issue of low housing inventory continues to challenge prospective buyers, whether in the present or the foreseeable future. Lately, we've successfully assisted two buyer clients in securing offers on homes, contingent on the sale of their existing properties. Such opportunities were rare not too long ago.
Affordability concerns have also deterred some buyers due to the higher interest rates. However, here's a crucial insight: industry experts are projecting a decline in interest rates over the next year, with a forecasted rate of 6% in the future to 5% by the fourth quarter of 2024.
"The present moment offers an ideal window to secure a property with reduced buyer competition."
If you make your move now, the monthly payment for a $525,000 home, covering principal and interest, would be $550 less compared to today. Waiting might yield lower interest rates, but it's important to note that home values are also anticipated to appreciate by 3% to 5%.
So, taking a conservative estimate of a 3% increase, waiting could mean shelling out an extra $15,000 for the same home a year from now. Additionally, as rates drop, more buyers will enter the market, intensifying competition. By waiting, you'll potentially face fiercer competition and higher home prices. The prudent choice is to seize the opportunity and make your purchase now, with the option to refinance down the line when rates become more favorable.
Remember, the focus should always be on finding the right home for you and your family. You can explore refinancing options when interest rates become more favorable. The present moment offers an ideal window to secure a property with reduced buyer competition. Should you require assistance or seek a local perspective on home values, please call or email me. I’m happy to help.
What the real estate landscape holds for buyers and sellers
Today, we're delving into the twists and turns of the market, exploring forecasts, trends, and most importantly, what it all means for prospective buyers and sellers. So, let's dive right into the whirlwind of real estate dynamics and unveil the fascinating story that emerged from the fourth quarter of 2022 to where we stand today.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:34 — Macro look
2:07 — Pierce County
5:05 — Interest rates
8:53 — Wrapping up
Remember, if you have any questions about the Pierce County housing market or real estate in general, please feel free to contact me by phone or email. I am happy to serve as your resource for all of your real estate needs.
Here’s what buyers and sellers need to know about our housing market.
What’s going on in the housing market? Recent changes could have huge implications for your buying or selling plans, so you need to stay informed. That’s why today, I’m bringing you the latest numbers from our market and explaining what they mean for you. For example, inflation seems to be getting under control, so what does that mean for the future of interest rates?
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:33 — The median sales price in our market
1:22 — The median list-to-sales-price ratio
1:44 — The median days on market
2:22 — Pending sales and inventory are down
2:58 — How housing prices are affected by inventory
3:44 — Supply in our market is still very low
4:36 — What’s going on with interest rates?
6:45 — Rents keep going up
7:20 — Headlines tend to terrify, not clarify
7:57 — Call or email me with any questions
If you have any questions about this topic or something else, please call or email me. I am always willing to help!
Here’s what buyers and sellers need to know about our market.
What’s happening in our housing market? People ask me this all the time, and I understand why. If you need to make a move in the near future, it pays to understand what’s happening in the market. That’s why today, I’m sharing the latest numbers from our market and explaining what they mean for you.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:32 — Home prices
1:12 — List-to-sales-price ratio
1:30 — Average days on market
1:55 — Pending sales
2:17 — Homes for sale
3:06 — How inventory affects home prices
4:05 — Interest rates
5:08 — Rental update
6:02 — Don’t be afraid of inflammatory headlines
6:24 — Wrapping things up
If you have questions about this topic or anything else, please call or email me. I am always willing to help!
This is the best available information on our local housing market.
Are you thinking about buying, selling, or investing in the housing market? Real estate is in a constant state of flux, so you’ll need the best and most up-to-date information available to make an informed decision. That’s why I am breaking down the latest housing market data and explaining exactly what it means for you.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Market Update
1:05 — Median sales price
1:32 — Historical comparison
3:01 — Sale-to-list-price ratio
3:58 — Days on market
4:36 — Pending sales
5:08 — For sale vs. sold
6:05 — Buyer’s and seller’s markets and inventory
7:26 — Market shortage of homes
9:19 — Looking towards 2023
9:52 — It’s still better to buy than rent
11:13 — Wrapping up
Remember, if you have any questions about the state of the housing market or real estate in general, please feel free to reach out to me by phone or email. I would be happy to help you with all of your real estate needs.
The 2023 market isn’t as bad as the headlines would have you think.
Are you planning on buying, selling, or investing in 2023? If that’s the case, you’ll need to be equipped with the best possible information to make an informed decision. We’ve had a very turbulent few months, and scary headlines might have you wondering if now is the right time to make a move. To help, I’ve got a detailed analysis of where our market is at right now and what professionals predict for the future.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:43 — Median sales price has declined
1:25 — Percentage of original list price
2:26 — Percentage of reduced list price
3:26 — Days on market
4:12 — Number of pending sales and homes for sale vs. homes sold
5:48 — The impact of Inventory on home prices
6:19 — Monthly inventory
7:03 — Interest rates
7:59 — Looking at the spread
9:53 — What the experts are saying
12:02 — The expert projections
14:25 — Median rents
15:33 — In conclusion
Hopefully, this has equipped you to make the best decision for yourself, your family, and your assets. Remember, if you have any questions on this topic or about real estate in general, please contact me. I would love to be a resource for all of your real estate needs.
It’s not just $10,000, but the knowledge that will change your life.
Today, I am excited to share that you have a chance to win $10,000. Aside from the cash prize itself, the real gift I have for you is the gift of knowledge, and that is through the Wealth Series 2.0 that we're going to be putting on. It will be taught by the author himself, Ben Kinney, a business mentor and partner of mine.
I've been through it myself before. I took my whole family through this wealth series, which is an eight-week free training course twice a week. You’ll listen to about a 30-minute podcast twice a week, and then there'll be specific action items to take as a result of that lesson. At the end of that, if you have completed it and you answered all the test questions correctly, you'll be entered to win a $10,000 prize.
We're going to go through it again together as a family. I highly recommend that you do too. Our mission here at the Hauer Real Estate Group is to build generational wealth through real estate, and I can't think of anything that is in better alignment than this wealth series training. So let this be our gift to you.
"I took my whole family through this wealth series."
Invite your friends, family, and kids, as there will be prizes for each of the kids that show up, do the work, and complete the test. You can sign up at this link. This isn't just for the wealthy or investors. This will apply to real estate and so much more. We will explore opportunities to increase the amount of income that you have, reduce the number of expenses that you have, and take a look at a lot of good, simple tactics that you can implement to set yourself up for success.
One of the biggest reasons that people don't put a financial plan together is that they don't feel like it's time well-spent because they don't have money to do anything with the financial plan. If that’s you, know that you’ll want to be a part of this training because you're going to see many benefits. After all, you can start with nothing. In fact, you can start totally in debt and end up with millions.
I'm excited to share this training with you again. Go to this link to get registered. I look forward to being part of the wealth journey with you. Call or email us anytime if you have questions. From all of us here, thank you so much for your trust in us, and we hope you have a great new year.
