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The News Tribune is reporting that Pending Sales in Pierce County have increased by 26%. This is great news for sellers- pending sales take competing properties off the market. If I was a buyer, I wouldn’t be too freaked out, there are still 6,183 properties to choose from- but that number is declining as well. People who don’t have to sell are removing their houses from the market.
The bottom line is fewer houses on the market + more pending sales = Stabilizing Home Prices.
Is this good for my investment? Finally?