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.

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This entry was posted on Wednesday, February 4th, 2009 at 2:22 pm and is filed under Housing Prices. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One comment

MattMike:
 1 

Is this good for my investment? Finally?

February 4th, 2009 at 3:27 pm

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