Tacoma, WA housing market

In Tacoma, one in four homes for sale has already cut its price. Here is what that tells you if you are thinking about selling this year. The typical Tacoma home is worth about five hundred twenty-four thousand dollars, and values are up just under one percent over the past year, which is close to flat. But the median asking price is about five hundred fifty-two thousand dollars, roughly twenty-eight thousand dollars above what the typical home is actually worth. There are about 850 homes for sale right now, with another 416 hitting the market this month, so buyers have room to wait. And they are waiting, since the typical listing sits about 46 days before it goes under contract. Here is the catch, though. Values are still edging up, not falling. This is not a market where buyers have stopped paying. It is a market where they refuse to overpay, and a quarter of sellers have already learned that the hard way. So if you sell, price at the market, not above it, because the homes cutting prices are the ones that aimed high and sat for weeks first. To see what your Tacoma home is worth today, get a free estimate at Home Value Pros dot com.