Welcome or Register

Blog

Pierce County Report: NW Multiple Listing Service Stats for April

April brought us a slight uptick in inventory, but not enough to slow down prices that are still climbing at double-digit rates. It’s doubtful we’ll see improved affordability any time soon as demand continues to be strong, and interest rates gradually increase.

At month end, there were 1,472 active listings in the MLS database, 122 more than March’s 1,350 inventory, and 8% less than 1,604 homes and condos listed a year ago.   MLS brokers added 1,875 new listings to inventory during April, 108 (6%) more than last month, and 113 more than the same month a year ago.

April’s 1,977 pending sales were 6.5% higher than March’s 1,856 mutually accepted offers, and 3% more than 1,920 pending sales last April.

Pierce County MLS members reported 1,343 closed sales during April.  This is a 2% decrease from last month’s 1,369 closed sales, and a 4% increase over the 1,289 completed transactions in April a year ago.

The median price for April’s closed sales of single family homes and condominiums (combined) was $337,950. This is up 16% from the April 2017 figure of $290,500.  The average time on market for properties that sold was 35 days, compared to 43 days last month and 40 days this month last year. Pierce County has a 1.1 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Pierce County Report: NW Multiple Listing Service Stats for March

The spring market has sprung with a March surge in new listings and sales compared to February. Continued supply/demand pressures pushed us to unheard of stats for Pierce County that sound more like King County a year ago: Less than one month’s supply of inventory and an 18% year-over-year median price increase.

At month end, there were 1,350 active listings in the MLS database, 161 more than February’s 1,189 inventory, and 12% less than 1,533 homes and condos listed a year ago.   MLS brokers added 1,767 new listings to inventory during March, 556 (46%) more than last month, but 48 less than the same month a year ago.

March’s 1,856 pending sales were 15% higher than February’s 1,617 mutually accepted offers, and 3.7% less than 1,928 pending sales last March.

Pierce County MLS members reported 1,369 closed sales during March.  This is a 30.5% increase from last month’s 1,049 closed sales, and almost equal to 1,361 completed transactions in March a year ago.

The median price for March’s closed sales of single family homes and condominiums (combined) was $342,500. This is up 18% from the March 2017 figure of $290,000.  The average time on market for properties that sold was 43 days, compared to 47 days last month and 51 days this month last year. Pierce County has a .99 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Pierce County Report: NW Multiple Listing Service Stats for February

Tax law revisions and gradually climbing interest rates haven’t slowed down sales activity. Pending sales continue to outpace new listings, bringing 16% year-over-year price increases and reducing inventory to a 1.1 month supply. (4-6 months is considered a balanced market.)

At month end, there were 1,189 active listings in the MLS database, 171 less than January’s 1,360 inventory, and 16% less than 1,416 homes and condos listed a year ago.   MLS brokers added 1,211 new listings to inventory during February, 22 less than last month, and 6 less than the same month a year ago.

February’s 1,617 pending sales were 3% higher than January’s 1,570 mutually accepted offers, and almost even with 1,616 pending sales last February.

Pierce County MLS members reported 1,049 closed sales during February.  This is a 5% increase from last month’s 998 closed sales, and a 6.5% increase from 985 completed transactions in February a year ago.

The median price for February’s closed sales of single family homes and condominiums (combined) was $320,000. This is up 16% from the February 2017 figure of $274,950.  The average time on market for properties that sold was 47 days, compared to 47 days last month and 56 days this month last year. Pierce County has a 1.1 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Pierce County Report: NW Multiple Listing Service Stats for January

Inventory fell another 10% from December’s 10 year low. There is only a 1.36 month supply of listing inventory for single family homes in Pierce County; condos are even more scarce with less than a month’s supply.  (Four to six months is considered a balanced market.) These shortages drove prices to an unprecedented 15% year-over-year price jump.

At month end, there were 1,360 active listings in the MLS database, 140 less than December’s 1,500 inventory, and 13.7% less than 1,575 homes and condos listed a year ago.   MLS brokers added 1,233 new listings to inventory during January, 361 more than last month, and 92 more than the same month a year ago.

January’s 1,570 pending sales were 26% higher than December’s 1,248 mutually accepted offers, and 2.6% higher than 1,530 pending sales last January.

Pierce County MLS members reported 998 closed sales during January.  This is a 26% decrease from last month’s 1,356 closed sales, and a 9% decrease from 1,099 completed transactions in January a year ago.

The median price for January’s closed sales of single family homes and condominiums (combined) was $307,250. This is up 15% from the January 2017 figure of $267,000.  The average time on market for properties that sold was 47 days, compared to 47 days last month and 53 days this month last year. Pierce County has a 1.4 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Pierce County Report: NW Multiple Listing Service Stats for December

December ended the year with the lowest inventory of homes in a decade. Despite this, there were still slightly more pending sales and closed sales recorded than in December last year. Rising prices and shorter days on market will continue as long as the imbalance of supply and demand  continues.

At month end, there were 1,500 active listings in the MLS database, 330 less than November’s 1,830 inventory, and 15% less than 1,763 homes and condos listed a year ago.   MLS brokers added 872 new listings to inventory during December, 163 less than last month, but 65 more than the same month a year ago.

December’s 1,248 pending sales were 15.6% lower than November’s 1,478 mutually accepted offers, but 4% higher than 1,201 pending sales last December.

Pierce County MLS members reported 1,356 closed sales during December.  This is a 2% decrease from last month’s 1,385 closed sales, and a 2% increase over 1,326 completed transactions in December a year ago.

The median price for December’s closed sales of single family homes and condominiums (combined) was $314,995. This is up 12.3% from the December 2016 figure of $280,500.  The average time on market for properties that sold was 47 days, compared to 39 days last month and 51 days this month last year. Pierce County has a 1.1 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Tacoma is the best place to live in the Northwest says Sunset magazine

Spotted this headline on King5.com. Here's the rest of what they had to say:

"Tacoma is experiencing a resurgence of its downtown, along with six museums within walking distance of each other, train service into King Street Station, and charming bungalows selling for less than tract homes in the far Seattle burbs," says Lauren Ladoceour, executive editor at Sunset magazine. " While it takes a village to remake a village, much of this resurgence is being fueled in part by artists, artisans, and creative small-scale manufacturers."

Go to the Sunset magazine article 20 Game-Changing Places to Live to read the article King5.com is talking about.

Pierce County Report: NW Multiple Listing Service Stats for November

November statistics continued to show year-over-year gains in closed sales and prices.  Mutually accepted offers again surpassed the number of new listings, keeping listing inventory low.  The median home price in Pierce County is half that of King County, causing buyers priced out of the King County market to look South, contributing to upward price pressure.

At month end, there were 1,830 active listings in the MLS database, 374 less than October’s 2,204 inventory, and 15.8% less than 2,173 homes and condos listed a year ago.   MLS brokers added 1,035 new listings to inventory during November, 406 less than last month, but 19 more than the same month a year ago.

November’s 1,478 pending sales were 23.6% lower than October’s 1,934 mutually accepted offers, and 1%  lower than 1,495 pending sales last November.

Pierce County MLS members reported 1,385 closed sales during November.  This is a 10.4% decrease from last month’s 1,546 closed sales, but a 7% increase from 1,294 completed transactions in November a year ago.

The median price for November’s closed sales of single family homes and condominiums (combined) was $301,900. This is up 7.3% from the November 2016 figure of $281,335.  The average time on market for properties that sold was 39 days, compared to 35 days last month and 43 days this month last year. Pierce County has a 1.3 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Pierce County Report: NW Multiple Listing Service Stats for October

October was busy, reversing the seasonal slow down by having more pending sales than September. Low inventory continues to drive prices up. The average median price for the first 10 months of this year is 11% higher than last year. 

At month end, there were 2,204 active listings in the MLS database, 352 less than September’s 2,556 inventory, and 13.5% less than 2,548 homes and condos listed a year ago.   MLS brokers added 1,441 new listings to inventory during October, 228 less than last month, but 115 more than the same month a year ago.

October’s 1,934 pending sales were 9% higher than September’s 1,775 mutually accepted offers, and 13%  higher than 1,710 pending sales last October.

Pierce County MLS members reported 1,546 closed sales during October.  This is a 4.4% decrease from last month’s 1,617 closed sales, but a 15.6% increase from 1,338 completed transactions in October a year ago.

The median price for October’s closed sales of single family homes and condominiums (combined) was $309,000. This is up 12% from the October 2016 figure of $275,000.  The average time on market for properties that sold was 35 days, compared to 34 days last month and 40 days this month last year. Pierce County has a 1.4 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Building bonanza continues in Tacoma

The past two years have seen a surge of apartment projects in Tacoma, at a pace not seen since the 1980's.

There was a groundbreaking for Tacoma's Town Center last week. This week another groundbreaking is scheduled for a mixed-use development at 1210 Tacoma Ave. S. This 7 story project will include two levels of underground parking, 166 residential units, and ground level retail amenities. 

There are well over 1,000 apartment units under construction or permitted to be built in the Tacoma downtown/Stadium area alone. 

See The News Tribune article for more details

Pierce County Report: NW Multiple Listing Service Stats for September

September continued the seasonal slowdown with less activity than last month.  Pending sales surpassed the number of new listings again, as happened most months this year.  This continuing high demand/low supply dynamic caused year-over-year median prices to surge 14.6%, the highest since 2013.   

At month end, there were 2,556 active listings in the MLS database, only one more than August’s 2,555 inventory, and 10.7% less than 2,863 homes and condos listed a year ago.   MLS brokers added 1,669 new listings to inventory during September, 290 less than last month, but 145 more than the same month a year ago.

September’s 1,775 pending sales were 16% lower than August’s 2,123 mutually accepted offers, and about 1%  lower than 1,791 pending sales last September.

Pierce County MLS members reported 1,617 closed sales during September.  This is an 8.3% decrease from last month’s 1,763 closed sales, but a 7% increase from 1,508 completed transactions in September a year ago.

The median price for September’s closed sales of single family homes and condominiums (combined) was $315,000. This is up 14.6% from the September 2016 figure of $274,900.  The average time on market for properties that sold was 34 days, compared to 27 days last month and 36 days this month last year. Pierce County has a 1.6 month supply of housing inventory on the market. (4-6 months is considered a balanced market.)

Quick Search


view all


Any

Any

No Min.

No Max.

agent photo
Ron & Jeanette Lunceford
Keynote Real Estate
PO Box 64190
University Place, WA 98464
Office: 253-565-1617

Ron: 253-381-6296
Email: Rlunceford@KeynoteRE.com

Jeanette: 253-203-5296
Email: JLunceford@KeynoteRE.com

Phil Mondau: 360-789-5355
Email: PhilM.Keynote@gmail.com


Already registered? Login
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer.
Save your favorite listings and searches
Also receive email updates
when listings you like come on the market for free!

*Contact Information NOT Shared*



Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information NOT Shared*



Ron & Jeanette Lunceford  |  Keynote Real Estate  |  253-565-1617  |  JLunceford@KeynoteRE.com
Copyright © 2015. Ron & Jeanette Lunceford, All Rights Reserved