Hawkins-Poe Monthly Newsletter April 2024

In March 2024, the real estate market in certain parts of Washington covered by the Northwest Multiple
Listing Service (NWMLS) went through some noticeable trends. Despite facing challenges like
uncertain economic conditions, the market kept evolving.

The number of homes listed for sale increased by about 1.16% compared to the previous year. This
suggests that there were still a decent number of options available for potential buyers. However, even
though the number of homes listed increased, there was a decrease in the overall number of homes
sold. About 11% fewer homes were sold compared to the previous year. This could be due to various
factors like seasonal changes.

Despite the decrease in the number of home sales, home prices continued to climb, showing a 7.5%
increase compared to the previous year. This means that home values are appreciating in the region.

Overall, the real estate market in Washington experienced some changes. There were more homes
available for sale, fewer homes were sold, but their prices kept rising. So, it remains a market with
opportunities for both buyers and sellers, but it’s important for everyone involved to stay informed
and adaptable to changing trends.

Gig Harbor Beer Festival
Uptown Gig Harbor 4701 Pt. Fosdick Dr. Gig Harbor
Saturday, May 18, 12 pm – 5 pm
For more information visit: gigharborbeerfestival.com

Tacoma Farmers Market on Broadway
925 Broadway Tacoma
Thursday, May 2nd, 10 am – 2 pm
For more information visit: tacomafarmersmarket.com

The average sales price in Pierce
County rose from $599,979 in February
to $612,735 in March.

The days on the market decreased
in King, Pierce, and Kitsap counties
for March compared to February.

The list price-to-sales price ratio in King
County rose from 101.7% in February to
103.1% in March.