Shocks Block

In this episode, I dive into what I'm seeing in the Tacoma Real Estate Market! New inventory was down in April, where only 317 listings hit the market compared to 430 in March.  April's median sales price came in at $355,000, up 12.7% from a year ago. As month's of inventory hangs around .8, Tacoma is still a seller's market where homes are selling for 1.8% more than list price. However, I have seen buyers get better terms of late. As furloughs are lifted, plan to see more buyers entering the market. There's potential for increased amounts inventory this summer and fall. Bank on  sellers getting more comfortable listing as the stay at home order phases out and some sellers who may be forced to sale due to financial hardship.