What's Going on in the Market Today?
The kids are in their routines- back at school, football has started and Fall is definitely in the air.
There are still many buyers out actively looking to purchase prior to the November deadline for the 1st time home buyer tax credit.
Over half of the pending sales right now within the Tahoma School District are properties listed under $300,000. Higher priced home sellers will need to be patient, especially those abouve $450,000 where we see only 12 home sales in escrow.
Here’s the break down of inventory for Single Family Homes listed through NWMLS. This does not take into account private party sales:
Active Listings
Homes on the market now: 273
Average List Price: $428,989
Average Market Time: 111 Days
Pending Sales
Sales in Escrow now: 108
Average List Price: $336,681
Average Market Time: 77 Days
Closed Sales
Closed within last 6 months: 217
Average List Price: $357,549
Average Market Time: 103 Days
