An Area-by-Area Breakdown of Our Pierce County Market: Part 2

 

For part two of my latest Pierce County market report, you’ll see the latest statistics from Steilacoom, Lakewood, Southeast Tacoma, South Tacoma, Parkland, Fife, Puyallup, Lake Tapps, Roy, Graham, and Spanaway.

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Here is the second part of my area-by-area Pierce County August market report. As with the first part, I’ve attached timestamps of the video above so you can jump ahead to your specific community:

1:00 (Lakewood): The likelihood of sellers getting their home sold dropped from 114% to 61.9% compared to the previous month. Year over year, the median sale price increased 16.5%, inventory rose 11.9%, and sales increased 4.5%.

1:45 (Steilacoom): The likelihood of sellers getting their home sold dropped from 114% to 100% compared to the previous month. Year over year, the median sale price increased 21.3%, inventory rose 15.7%, and sales increased 31%.

2:51 (South Tacoma): The likelihood of sellers getting their home sold dropped from 209% to 97.5% compared to the previous month. Year over year, the median sale price increased 15.2%, inventory dropped 12.9%, and sales decreased 15%.

3:45 (Southeast Tacoma): The likelihood of sellers getting their home sold dropped from 214% to 113% compared to the previous month. Year over year, the median sale price increased 13%, inventory dropped 9.2%, and sales decreased 8.2%

4:29 (Parkland): The likelihood of sellers getting their home sold dropped from 120% to 90.4% compared to the previous month. Year over year, the median sale price increased 27%, inventory didn’t change at all, and sales increased 37%.

5:20 (Fife): The likelihood of sellers getting their home sold dropped from 110% to 50.4% compared to the previous month. Year over year, the median sale price increased 30.3%, inventory dropped 4%, and sales increased 1.7%.

6:03 (Puyallup): The likelihood of sellers getting their home sold dropped from 92% to 58.6% compared to the previous month. Year over year, the median sale price increased just over 18%, inventory rose 9.7%, and sales decreased 6.7%.

6:45 (Spanaway): The likelihood of sellers getting their home sold dropped from 222% to 99% compared to the previous month. Year over year, the median sale price increased 15.2%, inventory dropped 21%, and sales decreased 17.5%.

7:23 (Lake Tapps): The likelihood of sellers getting their home sold dropped from 102% to 59.7% compared to the previous month. Year over year, the median sale price increased 24.2%, inventory dropped 16%, and sales increased 9.3%.

8:01 (Roy): The likelihood of sellers getting their home sold dropped from 73% to 52% compared to the previous month. Year over year, the median sale price increased 27.5%, inventory rose 14.5%, and sales increased 22.2%.

8:47 (Graham): The likelihood of sellers getting their home sold dropped from 90.5% to 54.6% compared to the previous month. Year over year, the median sale price increased 26.7%, inventory rose 1.7%, and sales increased 14%.

If you have any questions about your specific market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.