Surprising Development in Tacoma's Entry Price Point!

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Pending Active Sales Ratio
Overall 143 622 23.0%
Sub $200K 51 95 53.7%
$200-$300K 43 249 29.1%
$300-$400K 20 150 11.7%
$400-$500K 7 72 18.5%
$500-$600K 2 52 4.5%
$600-$700K 7 26 8.3%
$700-$800K 0 21 11.8%
$800-$1m 0 24 5.9%
Over $1m 0 22 4.2%

It's official. The under $200,000 market in Tacoma, Fircrest and University Place is not a Buyer's Market any longer!! It is balanced and trending "Seller's". Even the $200,000 to $300,000 range is showing much improvement.

I was really hoping for the $15,000 tax credit for first time home buyers to survive negotiation between the house and senate regarding the stimulus package, but it would appear we are getting something less... probably $7,500. Depending on how this looks in the final bill signed by President Obama, it could have an impact on these numbers. I promise to write about something other than sales ratios soon. I'm just focussed on the ailing market's recovery. I'm encouraged by the entry level price range and hopeful it will trickle up!