Pierce County November Real Estate Market Update

Real Estate Agent

Market Activity
One positive market trend continued for the month of October - listing inventory decreased from 7158 in September, to 6711 by the end of October. Inventory reduction is one of the keys to our housing market recovery. The number of homes sold in October fell by 24% to 553, from 723 in September. The state of the economy and the jobs outlook continue to press down on the housing market. Ever the optimist though, homes are still being bought and sold in this market - it has not ceased up, but just needs a bit of grease. Realtor associations are working with state and federal legislators to find a way to boost the housing market. We should have hope for the coming year.

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