Hawkins-Poe Monthly Newsletter June 2024
Posted by Hawkins-Poe on June 17, 2024
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Despite the challenge of high interest rates, we are seeing resilience in our real estate market. The
number of closed sales reported by the NWMLS was up 6% compared to this month last year. There
is a positive shift in inventory and we are finally seeing an increase in the number of homes on the
market!
The NWMLS reported a 41.4% increase in the number of properties listed for sale compared to May
of 2023, bringing more choices for buyers and allowing the market to accrue some much-needed
inventory! For sellers, an increase in inventory will likely increase the number of days listings are on
the market. Don’t fret - it may take longer to sell as we go into summer, but stay patient and keep an
eye on the market!
Summer Art Festival
Sehmel Homestead Park
July 20th 10am – 6pm & July 21st 10am – 5pm
Tour up to 150 art booths featuring paintings, jewelry, pottery, woodworking and more! Live
music, food, kids activities and a beer garden.
For more information visit: peninsulaartleague.org
Concerts in the Park
Curran Apple Orchard, University Place
July 18th & July 25th – 6:30pm – 8am
Enjoy great food, music and fun at this FREE concert in the park!
For more information visit: cityofup.com/132/events
Average days on the market decreased
in Pierce County to 23 in May.
Average sales price increased to
$703,947 in May.
The average sales price in King County
increased to $1,288,706 in May.