Pierce County home sales finish strong in 2013

Staff writerJanuary 6, 2014 

The Pierce County housing market ended the year on a mostly positive note as sales in December rose 11 percent from last year, while price appreciation and pending sales cooled, according to Northwest Multiple Listing Service data released Monday.

Home sales rose 11.5 percent to 901 units in December from 808 units in December 2012, the combined single-family residence and condo data show. Price appreciation cooled in the same period, with median prices rising 2.2 percent to $205,000 from $200,563, the combined data show.

Although median prices rose, the county continues to have one of the lowest median price points in the region.

The median price of a home in King County was $375,900 in December; in Thurston County it was $224,950, the combined data show.

Pending sales fell 8.6 percent from December 2012, although there are still 901 units in the pipeline to be sold.

The total number of homes for sale rose 11.6 percent to 3,052 units last month from 2,734 units in December 2012, the combined data show, finally ending a recent trend of low inventory levels.

Low inventory levels, though, are thought to have stimulated prices.

New listings rose to 774 units last month from 701 units the year before.


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