Home sales are hot and prices are up as inventory dwindles in Pierce, Thurston counties

Blame the nice weather and the cockeyed optimism that accrues in an economic recovery. The real estate market is back. Sales are up, Inventory is down and the price of homes has increased. The Northwest Multiple Listing Service reported Thursday that the weather and restored confidence “are propelling home buying activity around Western Washington to the highest level in nearly a decade.” Buyers are hungry and the greatest impediment to greater sales is the lack of inventory, the agency said. Dick Beeson, principal managing broker at RE/MAX Professionals in Tacoma and a member of the NWMLS board of directors, stated that both buyers and sellers are frustrated, “but buyers will not be dissuaded. Sellers are frustrated because they can’t find replacement homes. Some won’t list their homes because of fear of not finding a suitable replacement.” Read more here: http://ift.tt/1Y8Lx16
from Kenneth Digiacomo http://ift.tt/1rUZ02E