Second Quarter Market Snapshot for Pierce County


Want to sell your home? Get a FREE home value report. 
Want to buy a home? Search all homes for sale.

The numbers are in for the second quarter here in the Pierce County real estate market. For reference, we’ll compare them to the second quarter of last year.

Starting with the median sold price, it has risen to $260,000 up from $234,000 last year; a 10% increase. Additionally, average days on market have gone down, which is impressive, considering that it was just 24 days in the second quarter of 2015. This year’s second quarter, we’re down to just 10 days on average.

Homes are selling quickly. And even with the decrease in inventory, we’ve seen an increase of 7% in homes sold. One stat that has remained the same quarter over quarter is the amount homes are selling for compared to list price - that ratio is still at 100%. On average, sellers are getting the full asking price. It’s a pretty phenomenal time to be a seller.


It’s a pretty phenomenal time to be a seller.

As a buyer, inventory is low, but interest rates are low as well, so it’s still a great time to buy. Properties values continue to climb!

Thanks for watching today. If you have any questions for me, please feel free to give me a call or send me an email. Let’s talk soon.

No comments :

Post a Comment