Key Market Indicators – March Recap 2021
Pierce County Housing Update - Resale Only
The uber-frenzy Sales Activity Intensity™ is continuing into Pierce County’s spring real estate market. The market is virtually sold out in all price ranges, but this isn’t due to a lack of new listings – it’s caused by high buyer demand for every new listing continuing at a rapid pace. The Sales Activity Intensity™ of homes priced up to $750,000 (90 percent of sales activity) is predominantly at this uber-frenzy level. The $750,000 to $1.5 million range is at extreme frenzy, and there is very strong luxury sales activity above $1.5 million in Pierce County.
Uber-Frenzy Housing Market in Full Bloom
Average % of New Listings (Pending) in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
87%
Current
3.39%
30%
Normal
CELEBRATING FAIR HOUSING MONTH
April marks Fair Housing Month, when agents across the country observe the anniversary of the passage of the Fair Housing Act of 1968. During April, the National Association of REALTORS® hosts a variety of educational events, providing ongoing education for brokers and opportunities for us all to recommit to expanding equal access to housing. Committing to Fair Housing is more than just following a law for John L. Scott broker associates. It’s reaffirming our commitment to providing equal professional service, which in turn will help improve clients’ opportunities to reach their goals.
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