Welcome to a new year in Pierce County, where the real estate landscape is poised for dynamic shifts. Drawing from our extensive experience in the Tacoma area, we're excited to share our exclusive predictions for 2024. Let our foresight guide you through the opportunities ahead of you.

Watch Our Video: Unveiling the Top 3 Predictions for 2024

We’ve peered into the crystal ball to bring you a comprehensive video highlighting the key trends shaping Pierce County's real estate market this year. Let our insights empower you to make informed decisions. [Watch Video Here]

What Sets Pierce County Apart?

In Pierce County, where the allure of panoramic landscapes meets the strength of major employers like JBLM, MultiCare/Franciscan, and The Port of Tacoma, the real estate narrative takes a unique turn. Despite being a mere stone's throw away from King County, our average sold home price remains an enticing 46% lower.

Why We Anticipate an Active Market:

1. Robust Employment Base: The stability provided by major employers ensures a resilient housing market.
2. Natural Attractions: Boasting abundant parks, captivating vistas, and recreational opportunities, Pierce County stands out as a desirable residential haven.
3. Strategic Location: Proximity to freeways and abundant natural resources enhances the county's appeal to prospective homeowners.

Market Snapshot: Pierce County Real Estate in Q4 2024

While the broader market reflects a 45% decrease in sold residential units compared to Q4 last year, an intriguing landscape emerges. Twice as many homes now populate the market without finding a buyer, indicating a dynamic shift. Days on the market have extended by 33%, signaling a more thoughtful approach from buyers.

Despite a nominal 4% price dip since last year, the real story lies in the nuances. To sweeten deals, sellers are increasingly financing buyer's closing costs and interest rate buy-downs. What's truly captivating is the widening gap between sold and unsold home prices, now at an impressive 20%, with peaks of 27% in May 2023. In this market, strategic pricing is paramount.

Consult with us, RM Home Specialists--Regina & Madison. We'd love to be your path to real estate success.

Our team is here if you seek personalized insights into your real estate options. Please schedule a consultation with us via [our calendar link]. We can use our knowledge and experience to help you through the nuances of Pierce County's evolving real estate landscape.