According to The News Tribune Blog (reporting on Northwest Multiple Listing Service Data) The median home price in Pierce County is now $230,000, down 13% since last year. They are promising more pricing and analysis in tomorrow’s paper.
The number of houses on the market are dropping, but the number of closed sales are down even more- which means housing inventory is still too high. With all of the changes and new restrictions on financing I doubt that this comes as much of a surprise to anyone.
In September of 2004, The News Tribune reported that the median home price in Pierce County had topped $200,000. That was a big deal at the time. That was also the year I bought my first house and started investing in my 401k. According to my 401k statements, my stocks dropped about 40% this year- so for today I’m feeling a little bit better about my house…
