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One stat that didn’t make it in today’s housing story recapping 2007: the number of homes listed for sale. The average number of Pierce County listings for 2007 was 43.3 percent higher than the year before, according to the Northwest Multiple Listing Service. That amounts to 2,316 more homes for sale county wide last year.
Pierce had some good company when it came to inventory growth – King County had an average of 46 percent more homes for sale last year; Snohomish saw an average of 51.8 percent more homes for sale. Kitsap's supply of for-sale homes was up 34.4 percent; Thurston's increased 27.5 percent.
Any guesses on where supply will head this year? Will buyers pick up the pace or remain on the sidelines? Will slowing construction have the desired impact of helping to keep inventory numbers on the low end for 2008?
