Tacoma Wa. Area Real Estate 

 Washington 

Improving Inventory Offers "Summer Of Opportunity" in Washington

Most areas showing increased inventory 

Want some good news around the Puget Sound area?...May was a hotbed of activity for sales around the Puget Sound region. There were over 9000 pending sales in the four-county region which was the highest ever reported for the area. While the average median price for home sales was also up in all counties inventory numbers were as well. During the month of May there was almost 13,500 new listings added to the MLS inventory giving buyers much needed relief in their searches for homes. While multiple offers continue on homes buyers are finding better chances to buy homes they are interested in. Best factoid for June "New inventory outpaced pending sales" offering buyers more selection. 

What are some brokers saying about the current market conditions..."In this competitive market, buyers are frequently waiving many of the traditional contingencies" "The number of buyers waiving contingencies is definitely increasing, as many of them have found themselves on the losing end of at least one competitive offer situation" "We finally saw new inventory come on the market in May, and although we had a slight delay in the timing, the spring Puget Sound housing market is in full swing" While a lot of buyers are still waiving contingencies intended to protect both parties not all are being forced to follow this path. Some Homeowners are paying for home "pre-inspections" to give buyers some ease and comfort of mind.

Buyers looking to purchase now as others sit on a fence waiting for more inventory to become available will find that it actually is a great window of opportunity to purchase a home. The reason for this? Homes priced right are selling in near-record time. Today's successful buyers are prepared to act quickly and decisively when the right home comes to market. Why? Because of the smart prep work before the active home search.

That being said, the demand in the Puget Sound area is very high and the months of inventory continues to trend down which will keep the competition pretty fierce over the summer months.

Looking to buy or sell and want the process to be a little more painless? Call or email us and let us show you how we can remove a lot of this stress in these present conditions.  

Looking to buy or sell?  

Start here by downloading our newest app that lets you search our MLS in "real time" and even chat with someone if you have questions! It's free from the app store. 

HomeSpotter 

 

 

 

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