227 single family homes were sold in zip codes 98403, 98406 and 98407 in the third quarter of 2020 – a 12% increase in sales activity compared to the third quarter of 2019. Some portion of this increase may have been due to a COVID-related shift in the busy buying season from spring to summer this year.
Home values continue to rise in Tacoma’s North End where the current median home price is $490,000 – 12.6% higher than it was just a year ago in spite of the pandemic. Historically low interest rates, persistently low inventory levels and buyer influx from Seattle are all contributing to increases in home prices and sales activity here.
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.