Hawkins-Poe Monthly Newsletter June 2024

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.