Key Market Indicators – February Recap 2022
Pierce County Housing Update - Resale Only
Buyers can look forward to more available homes this spring, as more listings are on the way. Historically, the number of new listings bumps up in March and April, then goes up even higher in May and June. Last year, new listings in Pierce County went up 38 percent from February to March; this trend is likely to continue in 2022.
In Pierce County, Sales Activity Intensity™ is uber-frenzy up to the $1 million price point (95 percent of sales activity). Sales Activity Intensity™ is frenzy from $1 to $1.5 million and there is strong sales activity from $1.5 to $3 million.
More Listings on the Way
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
89%
Current
3.90%
30%
Normal
THE PRIME-TIME LUXURY MARKET
Spring is almost here, and with it comes the prime-time luxury real estate market! This season provides the best selection of luxury homes for sale, maximizing opportunities for those looking to buy or sell a luxury home. The prime-time luxury season runs from March through October.
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SEARCHING FOR NEW LISTINGS WITH JOHN L. SCOTT
Position yourself to create a buyer advantage when competing with other buyers and walk in confidence when making an offer. Your broker associate can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. In today’s instant-response market, it’s key to ensure you’re ready to act when the timing is right.
THE PRIME-TIME LUXURY MARKET
Spring is almost here, and with it comes the prime-time luxury real estate market! This season provides the best selection of luxury homes for sale, maximizing opportunities for those looking to buy or sell a luxury home. The prime-time luxury season runs from March through October.