Q: What’s Going On in Our Local Market?


Our local real estate market is crazy right now! Here are the details.


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Our market is crazy right now! To illustrate what I mean, let’s take a look at some of the numbers we’ve been tracking since the beginning of COVID-19 back in early March. The number of pending sales shows us that since then, buyers have been writing contracts to purchase houses. Sellers have also been putting homes on the market, but at a far lower rate than the pending sales.

Due to that, our market is in a complete frenzy, the likes of which I’ve never seen. For example, on August 3, 133 sales went pending in Pierce County, while only 31 new homes came on the market. This is a consistent pattern that dates back to the beginning of the pandemic.

Given the disparity between buyers and the number of homes available, as well as our low interest rates, I’m amazed that we even have any inventory left to sell in the first place! I think we’d have many more homes on the market if homeowners had any idea just how much their home is truly worth now that prices have been rising like crazy.

Here’s the bottom line: I have never seen a better time to be a seller than right now. If you’re thinking about selling your house within the next 12 to 18 months, let’s explore what that would look like and whether it makes sense to move your plans up.

Feel free to reach out to the Hauer Home Team with any questions you have or if you need assistance. We are here to serve.

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