April Market Report
Activity in April this year increased by a significant 31%.
This year homes closed 24 days faster.
Sellers accepted five percent less than their original listing price.
Inventory has increased from last month, indicating a sellers' market. There are 315 homes on the market in North and Central Tacoma and University Place, with an average listing price of $319,643 and a median of $268,700.
The market continues to favor sellers, but well-qualified buyers can still get mortgages at very low rates. There have been a number of bidding wars reported.
If you'd like the selling details of the home that sold in your neighborhood, just shoot me an email.
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