Hawkins-Poe Monthly Newsletter January 2024

The NWMLS reported that the real estate market in December 2023 witnessed a notable 11% decrease
in closed sales compared to the same period in 2022. The NWMLS also reported a decline in
new listings for 2023 compared to the previous year. This continues to contribute to low inventory
levels and a scarcity of available homes on the market. The average sales price experienced a seasonal
slowdown, presenting an advantage for buyers to enter the market and explore their options.
The recent drop in interest rates, coupled with the Federal Reserve’s indication of potential further
reductions in 2024, signals a favorable climate for prospective homebuyers. Anticipation is building
for the spring season, with expectations of increased opportunities for buyers as interest rates
decrease, prices soften, and the possibility of new inventory emerges on the horizon. The market
appears poised for a dynamic shift, providing potential advantages for those navigating the real estate
landscape in the coming months.

Valentine’s Day 5K

Dunes Peninsula at Point Defiance Park
February 10th, 10 am
An out-and-back run along Ruston Way, beginning at Dune Peninsula. Ages 6 and up.
For more information visit: metroparkstacoma.org

Alpenglow Snowshoe Tour at Crystal Mountain

February 9th, 2 pm
Take a guided snowshoe tour at Crystal Mountain, followed by dinner and handpicked wine
from Browne Family Vineyards.

Find more information at: visitrainier.com

The average sales price in Pierce
County decreased by $1,952 in December
compared to November

The average sales price in Kitsap
County increased by $13,094 for
December compared to November

Days on Market for King County increased
for December by eight days
compared to November