Puyallup Communtiy and Real Estate News

Happy Tuesday!

I've been busy the last few weeks working the HOT real estate market and have not been able to keep up on my blog.  Hopefully I will be able to be more consistent in my postings going forward!

I noticed recently articles in the local newspaper and on the Northwest Multiple Listing website, discussing home prices, closed sales, and inventory numbers in Pierce County.  As I'm sure you are aware, home prices continue to rise, in fact, over 9% from May 2013 to May 2014.  The median home/condo price sold in May was $229,000 in Pierce County.

As I've noted in previous posts, the competition for well-priced homes in great condition is fierce.  These homes are seeing multiple offer situations and selling in a rapid time frame.  Home sales increased only 1.88% compared to May of 2013 as our inventory coming into May was down.  But new listings in May have increased our inventory by 21% compared to last year!  Look for home closings in June to increase dramatically compared to last year.

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Thank you and Make it a Great Day!!!