Homes in North Tacoma are selling incredibly quickly – typically within just two weeks on market – and inventory levels remain tight. Buyer demand continues to outpace seller supply.
Buyer interest in suburban and rural home listings is on the rise – up by about 15% from last year according to Realtor.com – and buyers working from home are increasingly interested in more space and more privacy. Open floor plan living has fallen out of favor. Danielle Hale, chief economist for Realtor.com, also reports increased interest in the luxury and second home market, particularly second homes in driving distance of primary residences. How long these trends will last remains to be seen.
In the current economic climate, it remains critical for buyers and sellers to seek expert advice. If you’re thinking about buying or selling a home in the area, please contact us to discuss how we can put our knowledge and experience to work for you.