Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Gig Harbor home sales up 5 of last 6 months
Gig Harbor home sales up 5 of last 6 months
At least four major statistics show a turn-around in Gig Harbor home sales, including sales prices.
 
October is the fifth month in the past six showing home sales better than 2008, equaling September and a 15% increase over last October.   


Year-to-date prices have slipped only 6% for Gig Harbor home sales but 11% for Key Peninsula. This is slowing the double digit downward spiral that has occurred over the last four quarters and is a positive sign of market stabilization.  
Absorption rate, or the number of months supply of homes, has changed dramatically in some price ranges. A neutral market-or one in equilibrium--is five to six months of listings, based on the number of sales the past month. Anything fewer and the market is considered a seller's market--above a buyer's market.  In Key Peninsula the price ranges of $250-350,000 and $450-550,000 are now in the category of a seller's market. In Gig Harbor home sales nothing qualifies as a seller's market but $350-450,000 and $600-650,000 price ranges are in "neutral market" territory. These ranges will change from week to week but we have seen steadying in more ... more

__________________________________________________
Are you on The Rain? Grow Your Network!