Weekly Gig Harbor Real Estate Market Report
For this week’s look at the Gig Harbor real estate market I wanted to show a breakdown of the homes currently for sale. This chart shows the number of homes currently for sale in Gig Harbor (Fox Island is included, the Key Peninsula is not…these are just single family homes, not multi-family or condos) broken down by price range. The column to the right, DOM, is the average “Days On Market”, or the amount of time the houses have been listed for sale. If you’d like a report for Port Orchard or the Key Peninsula, or you’d like a similar report for condos, please let me know!
March 14th, 2008 at 5:02 pm
Some interesting figures…It looks like the 350K-399K is the magic price range that had the most sales…Is it just me or is the dom number getting higher? If so, is it because sellers are unwilling to lower their prices? I get the feeling that our market in the Northwest is faring better than most of the country?
March 14th, 2008 at 5:50 pm
DOM is rising. I think it has more to do with timid buyers. The only message they keep hearing is the sky is falling, so they don’t want to buy.
If stocks were falling, wouldn’t you buy? Or would you wait until they started climbing again? Our market is faring WAY better than most of the nation’s. There were 3 of the top 10 appreciating markets nationally in Washington this past year.
March 14th, 2008 at 7:58 pm
Good point Matt…when everyone else is selling than one should be buying….and vice versa…I believe housing is a good hedge against inflation…no I’m not a Realtor…If the dollar keeps going down then it only makes sense that building materials, labor, etc will only go up. Also why not pay off todays debt with tomorrows inflated dollars…just my opinion…