Hawkins-Poe Monthly Newsletter June 2023

Posted by Hawkins-Poe on June 10, 2023

Hawkins-Poe Monthly Newsletter June 2023

Outlook 01

June 2023 Newsletter Section 1 

Homebuyers have been pleased to see an increase in new listings hit the market. The NWMLS experienced an uptick in new listings and pending sales in May, reporting the highest number of new
listings since December.

While an increase in inventory has helped ease some home buyer frustration, we still have not reached a balanced market (4-6 months). Pierce County reported just 1.09 months of inventory, followed by King at 1.26 months and Kitsap at 1.3. The lack of inventory combined with the summer weather has caused many multiple offer situations and a steady decline in the days on market.

New listings are not the only thing up this summer. The NWMLS also reports the average sales price has experienced a steady increase since January of 2023. Despite news media reports of a decline compared to 2022, the adjustment seems to have passed, and the market is picking up speed in 2023.

 

02 - Community

Tacoma’s 4th of July Summer Blast
July 4, beginning at noon, fireworks begin at appx. 10pm
Tacoma Waterfront (Cummings Park & Dune Peninsula)

Enjoy live music, vendors, kid’s zone & more! Information can be found at:
metroparkstacoma.org/event/summerblast

Gig Harbor’s Summer Sips
July 8th, 12pm-7pm
Pavilion at Uptown

Enjoy locally crafted sips and live music.
For more information visit: uptowngigharbor.com/summer-sips-at-uptown

Fourth of July 2023 Fireworks Hawkins-Poe Monthly Newsletter

Section 03 Hawkins-Poe June 2023 Newsletter

HawkinsPoe.com Blog Newsletter The Monthly Vibe Real Estate Market Report June 2023 Pierce county data.

Pierce County had an increase
in new listings, reporting 954 for
May. The highest number of new
listings since December.

 

HawkinsPoe.com Blog Newsletter The Monthly Vibe Real Estate Market Report June 2023 Kitsap county data.

The average sales price for Kitsap
County rose from $650,543 in April
to $728,719 in May, a 12% increase.

 

HawkinsPoe.com Blog Newsletter The Monthly Vibe Real Estate Market Report June 2023 King county data.

The percent of list price to sales
price in King County rose from
101.5% in April to 102% in May.

 

 

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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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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