Pierce County home sales and median prices were mostly flat in July, but flat prices might not be a bad thing if you're trying to sell a home and are tired of lowering the price to attract a buyer, according to Northwest Multiple Listing Service data released Monday.
Home sales in July rose 2.63 percent to 860 units last month from 838 units in July 2011, while prices fell 2.55 percent to $190,000 from $194,972 in the same period, the fourth consecutive month in which median prices have been mostly flat, the combined single-family residence and condo data show. It's also an improvement over late last year when median prices in Pierce County regularly tumbled on a double-digit basis, the data show.
Still, July's median price of $190,000 is the lowest among the major Western Washington counties of King, Snohomish, Kitsap, Thurston and Whatcom counties.
Meanwhile, pending sales rose 14.55 percent to 1,386 units from 1,210 units, the combined data show, and once again the number of homes for sale plunged, down 31 percent to 3,786 units from 5,488 units in July 2011. New listings in July fell to 1,277 units from 1,409 units in July 2011, the combined data show.