May 18, 201706:07 PMBlog

Tacoma remains fast, competitive housing market

May 18, 2017 - 06:07 PM

Tacoma is among the fastest housing markets in the country, according to the newest report by Seattle-based residential brokerage Redfin.

Homes on sale in Tacoma went under contract in just 10 median days on market — tied with Portland, Ore., as the third fastest market in the country. Denver had the most rapid market, with nearly half of all homes going under contract in just six days, down for 11 days a year earlier. Seattle was the next fastest market with seven median days on market.

The typical home in the United States went under contract in 40 days, 10 days faster than a year earlier, making April the fastest month on record since Redfin began tracking the market in 2010. One in five homes (22.2 percent) that sold in April went under contract within two weeks of their debut. One in four (24.7 percent) homes sold above their list price, which is the highest percentage Redfin has recorded.

Tacoma also remains one of the most competitive markets according to Redfin’s study, with 52.4 percent of homes selling above list price. That’s good for fifth in the country, after San Jose (75.4 percent), San Francisco (69.5), Oakland (69.4) and Seattle (62.1).


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