As a homeowner, when you start to desire more elbow room and privacy in your home, that’s usually when you decide to move. While excited about the prospect, the journey ahead can feel overwhelming.
For most of us, our homes are the largest asset we’ll ever own—so you are right to want to understand this asset and the market you are in. As you consider selling, you deserve the insight and guidance from an expert in your local market. Here are the top things to know about the Gig Harbor real estate market right now:
Home Values Keep Moving Higher
The Median Sales Price in Gig Harbor climbed year over year once again, hitting $910,000 in April 2024. That is an increase of 4.6% from April of last year when the median sales price sat around $870,000. Higher prices and elevated interest rates have resulted in a lower number of homes selling, as affordability constraints have moved many would be buyers to the sidelines, but the historically low levels of inventory have more than offset these limitations. For example, there were 76 homes on the market in Gig Harbor this April, in April of 2018 there were over 200. Factor in the cities growing population and it’s no wonder home values keep getting pushed higher.
Homes Are Selling Quickly
Currently the Median Days on Market for Homes in Gig Harbor is 8 Days, compared to 10 the same month last year. That’s a decline of 20% year over year and underscores a long-term trend of demand out pacing supply. This dynamic continues to favor sellers in real estate negotiations, but getting the best terms when selling your home is not guaranteed. To capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home, so you get maximum return.
Inventory is Tight & Buyers Want In
Despite all the hurdles facing home buyers, demand for homes in Gig Harbor remains strong. As outlined previously in this report, there are still more people buying than there are homes for sale and that favors sellers. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on market.
As a homeowner, what does this mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
Helping my clients execute a seamless home sale is a duty I hold seriously. When you work with me, my goal is to ensure that you feel comfortable and confident throughout your entire home sale. To make sure we maximize your results, I use targeted marketing strategies and competitive pricing to get your home shown to the most qualified buyers.
My commitment to excellence, consistent work ethic, and strategic negotiations are just a few reasons why my clients have trusted me with over 400 real estate transactions, approaching $100 Million in total sales volume. My process works, and I make it a seamless, simple experience for you.
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 253-225-5738
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.
Call Today →253-225-5738
Jesse Cedarland
License # 26470
Cedarland Group
www.jessecedarland.com
[email protected]
253-225-5738
