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.