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Real Estate Agents In Puyallup Washington – December 2015 Market Reports By Alain Picard

The Puyallup Real Estate Market ended 2015 with some more impressive numbers when compared to the year prior. With that being said, there were two numbers that stood out the most to me. The Number of New Listings added to the market in Puyallup and the Number of Pending Home Sales in Puyallup. In December, there were only about 115 new listings added to the Puyallup Real Estate Market compared to the 148 or so that were added the same time a year ago and about 171 that were added in November. We haven’t seen a number that low in Puyallup since December 2013. While we were seeing a shortage of New Listings added to the Puyallup Real Estate Market in December, we were also seeing an increase in the number of Pending Home Sales when compared to the year prior. For December, there were about 191 homes in Puyallup that went under contract compared to about 162 homes that went under contract the month prior and about 110 homes that went under contract the same time last year. Year over Year, that is about a 74% increase in the Number of Pending Home Sales. That increase by itself is huge, but add to it the decrease in the Number of New Listings added to the Puyallup Real Estate Market and you have a recipe for a lack of inventory. Looking at some other numbers for December 2015, the Average Listing Price of  homes for sale in Puyallup WA was down by about 2.4% compared to the month prior and up by about 4.9% compared to the same time last year. The Number of Homes Sold in Puyallup WA was up by about 14.8% compared to the month prior and up by about 28.3% compared to the same time last year. The Average Sales Price of Homes sold in Puyallup WA was up by about 4.2% compared to the month prior and up by about 15.2% compared to the same time last year. While it is to soon to say for sure, I will say that I believe there will be an increase of New Listings added to the Puyallup Real Estate Market over the next several months all the way into the coming spring and summer months of 2016. I also believe that we will see a steady increase in prices for months to come. Now that the Fed has raised interest rates for the first time in about 10 years, everyone is talking about when the next rate hike will happen and I can just about assure you that it will happen at least a couple more times this year.

As always, if there is anything that I can help you with, feel free to contact me anytime.

Alain Picard – Principal Managing Broker

Viking Realty 219 N. Meridian

Puyallup, WA 98371

http://www.Vikingrealtysales.com – (253) 861-7386

This article was written by Alain Picard – Principal Managing Broker at Viking Realty in Puyallup. Statistics are deemed reliable but not guaranteed. Statistics Includes Single Family Homes but not Condominiums or Manufactured Homes. Statistics Not Compiled Or Published By The Northwest Multiple Listing Service.

Number of New Listings

Average List Price

Number of Pending Home Sales

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Average Sales Price

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