A new analysis of the residential real estate market through June by Redfin real estate brokerage shows more than half of new listing homes sold in the metro-Tacoma market exceeded their asking price.
This would be the fifth most competitive market in the country, trailing San Jose, San Francisco, Oakland and Seattle in that order.
Additionally, Tacoma’s 12.2 percent price growth again places Tacoma in the top four nationally, trailing Fort Lauderdale, Nashville and Seattle.
Across the whole U.S., home prices rose 7.3 percent in June to a median sale price of $298,000 – the highest price recorded since the company began keeping track in 2010. Nationally, more than a quarter of homes sold above their listing price, compared to 52.6 percent in Tacoma.
“Month after month, new records are set for the pace at which homes are going under contract,” says Redfin chief economist Nela Richardson. “This market is unlike any we’ve ever seen before.”
To read the full report, complete with data and charts, visit this link.