On this date, throughout Pierce County there are currently 7,735 active, contingent and STI (Subject to Inspection) listings and 704 pending sales. The medium price of that activity is $314,979. In the past 31 days, there have been 691 closed sales recorded in Pierce County with a medium list price and sale price of $279,950. The absence of a discrepancy between the medium list price and sale price is significant in that it suggests that as list prices are being reduced to the market, sales are occurring.
Although these numbers are simply an overview of market activity, they are nonetheless important in helping buyers and sellers to understand and recognize market tendencies and trends. They also point to the importance of using the services of a professional Realtor.
Additional updates to follow.
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