While there were nearly a quarter fewer transactions during the fourth quarter this year (compared to the same period in 2009), the indications are that we are continuing to improve. Transactions closed faster, the average sales price increased by 10%, and sellers conceded only eight percent less than their original asking price.
Tacoma is moving away from a strong buyer's market toward a neutral market. Inventory is strong, interest rates are still very low, and sellers are willing to negotiate.
If you are interested in the selling details of the home that sold in your neighborhood, just email me. I'll be happy to send them to you.
Closed Transactions Month of December
Please note: we are comparing closings during this year's December and last year's December.
There were 42% fewer closings this December compared to December of last year.
Transactions closed much faster. The average selling price dropped 30%. (Buyers note!)
Sellers accepted 16% less than they originally asked.
Inventory in Kingston is still good. It's still a buyer's market.
Closed Transactions Month of December
Please note: we are comparing closings during this year's December and last year's December.
Closings were up 31% this December compared to December of last year.
Transactions closed much faster. The average selling price was up by four percent.
Sellers accepted 10% less than they originally asked.
Inventory in Poulsbo is still good. It's still a buyer's market.
Closed Transactions Month of December
Please note: we are comparing closings during this year's December and last year's December.
Closings were up 13% this December compared to December of last year.
Transactions closed much faster. The average selling price was up by nearly 20 percent.
Sellers accepted 18% less than they originally asked.
Inventory on Bainbridge is still good. It's still a buyer's market.
Closed Transactions Month of December
Here are last month's statistics for North, Central, and South Tacoma.
Eighty-four percent as many homes closed this month than during the same month last year.
The average sale was up 13%. Sellers accepted about 9% less than their original asking price.
Tacoma continues to be a buyers' market, but the trend is moving toward neutral.
Homes under contract at this time: 201 -- up 2% from pending sales at the end of 2009.
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