Puyallup October Real Estate Market Update

By
Real Estate Agent

Current Price Trends
September statistics released by the NWMLS show a significant drop in the median home price. The median home price for Pierce County ended September at $250k - representing another 11% drop in year-to-date appreciation. I believe that this drop represents a large sell-off of homes in the lower price spectrum, as opposed to a drop in prices throughout the market. The rise in number of sales this month could support either theory - regardless, reducing standing inventory is good for all sellers.

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