Home inventory for Tacoma area still low & prices still high but market is slowly turning
Jul. 7—The adjustment to a more balanced real estate market in Puget Sound area counties is slow-going, but Pierce County was among those that saw lower closed sales volume compared with a year ago.
Latest figures released Wednesday from the Northwest Multiple Listing Service showed Pierce County's median closed sale price for single-family homes at $568,575, still up more than 10 percent from same time last year but down from $582,000 in May and $579,980 in April.
Closed sales were down more than 16 percent in June from 2021, following a 5.49 percent year-over-year increase in May.
The median closed sale price for condos was $420,000, up 13.67 percent from last year and up from $410,000 in May. Closed sales were down 21.67 percent from 2021, and in May were down more than 22 percent from a year ago.
https://www.msn.com/en-us/money/realestate/home-inventory-for-tacoma-area-still-low-prices-still-high-but-market-is-slowly-turning/ar-AAZjE7J
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