Tacoma not alone in summer’s hot housing market

The real estate market nationwide has been about as toasty-hot as the weather lately in the Northwest.

Redfin, a Seattle-based real estate company and data analysis firm, reported this week that 23 percent of homes sold in June nationwide sold above the listing price.

The number of homes sold was up 12.4 percent nationwide from May to June and up 11.4 percent over the previous 12 months.

Homes nationwide were on the market for a median 26 days in June, two days fewer than in May and 5 days fewer than in June 2014.

Among other data in the Redfin report:

▪  The largest decreases in the supply of new listings in June were in Nashville (down 2.7 months); Jacksonville, Florida (down 2.6 months); and Tacoma (down 2.3 months).

▪  Denver remained the fastest market, with half of all new listings selling in six days or less. Seattle, at nine days, was followed by Portland (10 days), Omaha (11 days) and Boston (11 days).

▪  The median price of a listed home sold nationwide was $285,200 in June. San Francisco led the country with a median sale price topping a whopping $1,070,000. Tacoma pegged $254,000, up 10.7 percent since the previous June.

▪  Tacoma recorded an increase of 23.9 percent among homes sold in June — 1,357 — compared with the previous year. Seattle sales were up 14.5 percent over the year. The 1,357 homes sold in the Tacoma area in June indicated a 13.4 percent increase over May.

▪  New listings were down 1.3 percent nationwide in June compared with May, and down 4.8 percent in Tacoma in June.

▪  The inventory of available homes was down 1.1 percent in Tacoma in June compared with May, and down 24.5 percent from the number of available homes in June 2014.

This story was originally published July 17, 2015 at 4:27 AM with the headline "Tacoma not alone in summer’s hot housing market."