Pending Sales in Pierce County Increase 26%

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.