98032 Market Update 2.24.18

January 2018 is a Seller’s market in 98032* 

If you are thinking of selling this spring in the 98032 zip code, now is a great time! Inventory is down, there are lots of buyers and not a lot of homes for buyers to choose from.  

Home For Sale in January 2018: 2586 units.

Down 9.3% compared to last month
Down 17.5% compared to last year

There were less homes for sale in the 98032 zip code in January 2018 than December 2017 and January of last year

Home Closed in January 2018: 2171 units.

Down 34.6% compared to last month
Down 15.4% compared to last year

Less homes closed in the 98032 zip code in January than last month and January of last year

Home Placed under Contract in January 2018: 2913 units.

Up 34.3% compared to last month
Up 5% compared to last year

There are more homes in 98032 zip code that went into contract in January than last year and last month.

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales


Posted on February 25, 2018 at 1:57 am
Cathy Wahlin | Posted in Uncategorized |

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