Here are last month's statistics for North Tacoma, including downtown and University Place.
32% fewer homes closed this month than during June last year, and they closed 16 days sooner.
The average sale was down 22% from the same month a year ago. Sellers accepted about 19% less than their original asking price.
Tacoma continues to be a buyers' market, but the trend is moving toward neutral.
Currently 476 single family residences are on the market. Listing prices range from $69,500 to $7M. The average listing price is $397,571, with half the inventory under the median price of $285,000.
If you'd like the selling details of the home that closed in your neighborhood, just ask. I'll email you the information.
Please note: we are comparing closings during May of this year and last year.
There was o change in the number of homes closed last month.
Transactions closed nine days faster. The average selling price was higher by 6 percent.
Sellers accepted 5% less than they originally asked, an indicator that homes are now being priced well.
There are plenty of homes in inventory (97) at all price ranges (the lowest listing is $149,000, the highest is $3.9M). Average listing price is $411,443), with half the homes under the median price of $300,000.
Expect an increase in demand as officers and sailors return.
Please note: we are comparing closings during May of this year and last year.
5% more homes closed in Poulsbo this month.
Transactions took two months longer to close. The average selling price was 3% higher.
Sellers accepted 10% less than they originally asked.
There are 148 homes in inventory at all price ranges ($210,000 to $1.8M) Average listing price is $380,000 , with half the inventory under $320,000. Six homes are listed above $1M.
Here are last month's statistics for North, Central, and South Tacoma.
27% fewer homes closed this month than during May last year, and they closed 12 days sooner.
The average sale was down 18% from the same month a year ago. Sellers accepted about nine percent less than their original asking price.
Tacoma continues to be a buyers' market, but the trend is moving toward neutral. Compared to last month, the numbers show an improvement in the market.
Currently 291 single family residences are on the market. Listing prices range from $109,500 to $7M. The average listing price is $413,400, with half the inventory under the median price of $275,000.
If you'd like the selling details of the home that closed in your neighborhood, just ask. I'll email you the information.
Closed Transactions Month of May
Please note: we are comparing closings for May of this year to last year.
32% fewer homes closed in May this year.
Transactions took nearly 4 months longer to close. The average selling price was 20% higher.
Sellers accepted 16% less than they originally asked.
There are 226 homes in inventory at all price ranges (the highest listing is $8.8M). Average listing price is $982,166) , with half the inventory under $695,000.
54 of the homes on the market are priced over $1M. Factoring out those listings results in 157 homes averaging $558,500, with half of these homes under $525,000.
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