Your May 2022 Pierce County Market Update

Chad Hauer Video Real Estate Blog

Here’s what’s happening in our market and how it affects you.

There’s a lot happening in the market, and it’s starting to get a little weird. That’s why I wanted to share some hard data with you today to show you what’s taking place. Let’s dive right into these numbers and what they mean for you as a buyer or a seller.

You can watch the full video above or skip to each section using the timestamps provided:

0:00 — Introducing today’s topic

0:32 — Home prices are at an all-time high

1:13 — The five-year graph for the sales-to-list-price ratio

2:02 — We are still seeing a fast market

2:39 — The pending sales, homes for sale, and number of homes sold

3:52 — We’ve been in an extreme seller’s market for a while

4:21 — We only have 18 days of inventory

4:56 — Interest rates have jumped, and that will affect the buying pool

6:27 — Wrapping up

If you have any questions or would like to develop a specific strategy for your situation, call or email my team and me. We’d love to hear from you.