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With a rise in interest rates and fears of government revised tax laws, Western Washington markets remained competitive through the first quarter of the year. While other counties around the Puget Sound region have shown increases in inventory to about 1.4 months of housing, the region is far from the 4-month supply that most use as a measure of balance for a healthy marketplace. King and Snohomish counties still have a rate of less than a 1-month supply of inventory.
What are some brokers saying about the current market conditions? "We still have strong buyer demand in these competitive markets" or "We have not seen the typical aggressive spring market yet..." and "Market indicators are showing we are gaining a healthier balanced market" all the while acknowledging that the hyper job market in the Pacific Northwest is outpacing other metro area's across the nation.
Northwest MLS figures show area-wide median prices are up more than 13.7 percent from a year ago overall, rising from $343,000 to $390,000. February's figures have substantially increased from a year ago.
While many potential buyers continue to sit on the fence and wait to see what the markets do, there are still many opportunities for those who have positioned themselves. Having all of their ducks lined up with their financing in place and a sound plan for when the chance to buy presents itself, they can still find good deals.
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.
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.
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Original model home of the community, 3 bedrooms, 2.5 baths, great room inspired design & a 2 car garage~Large kitchen w/tile backsplash & long bar counter, open floor pl...
Listing courtesy of Your Choice Real Estate NW.
Meticulously remodeled Craftsman in sought after North Tacoma Fletcher Heights, boats gorgeous Hardwoods, updated Bathrooms, large Kitchen w/Granite & SS Appliances. Lar...
Listing courtesy of RE/MAX Integrity.
Walk in and fall in love with this bright, open 2,179sf corner lot home just blocks from Rogers HS & Costco. Vaulted ceilings, new flooring & fresh paint throughout bring...
Listing courtesy of eXp Realty.
This well maintained 3 Bedroom 2.5 bath is located in Wyndam Ranch. This home features a comfortable floor plan with a very nice dining room. Kitchen features Maple cab...
Listing courtesy of Crescent Realty.
This lot is located in the changing Central Tacoma Community, new business going in, with some old neighbors being renovated just down the street, YOU TOO CAN BE PART OF ...
Listing courtesy of Best Choice Realty LLC.
Welcome to the Fircrest community! This 3 bedroom rambler features vaulted ceilings and a great floor plan. Master bedroom with full master bathroom. Sliding glass door o...
Listing courtesy of American Homes Realty.
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