Brokers in the Tacoma office of Coldwell Banker Bain real estate say growing interest in Pierce County homes and limited inventory continue to define the South Sound marketplace.
“Purchasing pressure brought by population growth locally, plus move-over buyers from King County, are keeping sales units high and causing prices to edge up,” said Mike Flynn of CB Bain. “North Tacoma, University Place and Lakewood, each rich in character and boasting a wide variety of home sizes and styles, are extraordinarily popular … (with the) result has been a current inventory is nearly 30 percent lower than this time last year.”
Flynn added that the greatest number of Pierce County new homes is found in Puyallup, Bonney Lake and Gig Harbor.
You can see the Coldwell Banker Bain statistics for second quarter 2016 at this link.