Tacoma Real Estate

Early Sign of Thaw?

Posted on January 10, 2009

New num’s…. Category…….Pending…..Active…..Ratio Overall…………110………628……..17.5% Sub $200K…….38………104……..36.5% $200-$300K……46………212……..21.7% $300-$400K……17………138……..12.3% $400-$500K……..4……….65………6.2% $500-$600K……..5……….33……..15.2% $600-$700K……..3……….27……..11.1% $700-800K……….0……….18………0.0% $800-$1M…………0……….18………0.0% Over $1M…………0……….21………0.0% There is improvement overall since December of more than three percentage points, but check out the sub $200K range. The improvement here is tremendous. Ordinarily I would say this will trickle up into the higher price categories as those lucky sellers, freed up at last... Read More »

Break it Down

Posted on December 10, 2008

I haven’t gone out of my way to promote this blog as yet, but a few people found my first posting. Thank you! Kym hit the nail on the head. The lower price points are moving better than the higher priced homes in Tacoma, University Place and Fircrest, probably for the very reasons she cites in her comment. First time... Read More »

Hey, Tom… How is the Market?

Posted on December 5, 2008

I get asked this question a lot. Rather than rely for my answer on gut feel alone, I like to continually understand what is really going. There is a nifty tool for that; the sales ratio. That sounds mathy, but the math couldn’t be easier. Sales Ratio is Pending Sales divided by Active Listings. No matter what market you are... Read More »