Every Monday I like to take a close look at the real estate trends in Gig Harbor, Port Orchard, and the Key Peninsula. I track the home sale and home listing numbers weekly and truly enjoy looking for trends and indicators in our local real estate market.
Looking at the following graphs it's not too hard to see what the Gig Harbor real estate market is doing. You can see week by week more and more homes being listed. At the same time, the number of homes that are pending sales is also increasing, but at a much slower rate, thus our home inventory continues to climb.
The numbers tell the story here. More and more homes continue to be listed for sale in Gig Harbor, Port Orchard, and the surrounding areas, and the sales, while still rising, are not keeping up. What is confusing to me is that we keep hearing that this is a "buyer's market," yet where are the buyers? If you are considering a move to Gig Harbor, now's a great time to start looking. If you're thinking that things haven't bottomed out yet, you're probably right. It doesn't hurt to start looking now, and if you find the home of your dreams, make an offer!
For full reports or questions about the Gig Harbor real estate market, please give me a call or shoot me an email.
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