Tacoma Real Estate Market Update

Tacoma Real Estate Market Update

updated Aug 6, 2018

 

Our inventory has started to pile up a little.  We currently have 1.6 months worth of inventory sitting on the Pierce County market.  To put that in perspective, I would place the “balanced market” range at 3 to 5 months of inventory.  Lower than that would be a seller’s market. We are still in one, but at least we are seeing a shift.  Last time I ran numbers was at the end of March when we had a 1.3 month supply.  1.3 months is also what we had last year at this time. So 1.6 is a move in the right direction. People shopping for a new home have really had a tough time in recent years. For those who are still looking, that should give some hope.

This report gives a pretty good snapshot of the market.

Western Washington Gardner Report Q2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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