Hawkins-Poe Monthly Newsletter April 2024

Posted by Hawkins-Poe on April 8, 2024

Hawkins-Poe Monthly Newsletter April 2024

Hawkins-Poe Market Outlook

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.

 

 

 

Hawkins-Poe Real Estate Services

Hours:
Monday - Friday, 9am - 5pm
After hours by appointment

(253) 229-1414

(253) 229-1414

Locations

(253) 274-8981 Real Estate

Fircrest
1215 Regents Blvd, Suite 1A
Fircrest, WA 98466

Chambers Bay
3560 Bridgeport Way W., Suite 2A
University Place, WA 98466

Gig Harbor
7620 Pioneer Way
Gig Harbor, WA 98335

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About

As a premiere Real Estate Brokerage Firm, Hawkins-Poe, Inc. Real Estate Services is a solid regional leader in the industry and continues to attract and retain the most successful Broker Members. Formed in the post-war era in the tiny City of Fircrest, founder Jack Hawkins insisted upon integrity and lived by a simple rule: “folks will make good decisions if I give them good information.” Certainly, he remains profusely proud knowing his simple motto has not only survived through three generations, but it is the driving focus to the company’s success today

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