North Tacoma Market Report: Prices up, inventory down in November

By
Real Estate Agent with Coldwell Banker Bain 49381

November Market Report

 

Activity in November this year increased by four percent.


The average sales price was 19%  higher than last year's November.  This year homes closed seven days more quickly.


Sellers accepted seven percent less than their original listing price

 

 

 

 

 

 

 

If you'd like the selling details of the home that sold in your neighborhood, just ask.

 

Homes continue to sell more quickly and at higher prices. Inventory is down to 333 homes in North Tacoma and University Place ranging in listing price from $50,000 to $5.4 million.  The average listing price is $332,123 (up from $326,500 last month) with a median of $249,000 (up from $245,000). 

 

The bottom line: shrinking inventory, rising prices, and record low interest rates on mortgages equals an improved housing market.



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