Home Values Climb Again in May
The Median Sales Price in Gig Harbor climbed year over year once again, hitting $925,000 in May 2024. That is an increase of 9.5% from May of last year when the median sales price was $845,000. The long-term trend of low housing inventory in Gig Harbor continues to override the head winds of elevated interest rates and historically high prices, creating a supply & demand imbalance that continues to push our home values higher, whether this dynamic stays on course the rest of the year remains to be seen.
Days On Market Move Up
The Median Days on Market for Homes in Gig Harbor was 11 Days in May, compared to 6 the same month last year and 8 in April. This shows some slight softening in the market but will need to be monitored over multiple months to see if this trend continues. Historically, a median of 11 days for homes to sell is still quite low. As a seller, you have the most leverage in negotiations when your home is new on the market, so 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 Remains Tight
Despite all the hurdles facing home buyers, demand for homes in Gig Harbor remains strong and now may be the best time to capitalize on your investment, before the market shifts. 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 proven 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
