Open House
Welcome to Open House, a News Tribune blog on the real estate industry and its curious musings, gossip and yes, even facts and analysis.


The blog will focus on the South Sound, state and national housing and rental markets, as well as cool Web sites, weird real estate trends and warnings about scams.

Please send along your questions and suggestions.


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Open House is a forum to read about and discuss real estate issues. It is not a place to pitch your services. That means no direct solicitation, no phone numbers and no pushing readers to your Web site or place of business.

More real estate blogs:

Rain City
Seattle area real estate blog

Seattle Bubble
Real estate and the housing bubble

The Real Estate Blog
National scope

Inman News
(National real estate news/research co. with a blog)

360 Digest
Seattle-area blog on real estate, art and politics.

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Tacoma and South Puget Sound Real Estate Blog
Thursday, March 20th, 2008
Posted by Devona Wells @ 06:08:31 am

The supply of homes continues to grow in communities across Pierce County, with all of them well into buyers-market territory. Several are deep into the double digits as measured by months of supply, according to Northwest Multiple Listing Service statistics supplied by Dick Beeson, a Windermere broker and MLS director.

As of mid-March, 16 areas around the county range from 8.1 months of homes listed for sale to more than double that in Gig Harbor, where there were 905 homes for sale, or a 16.7-month supply.

Below you'll find the months of supply as it stood on March 15. Months of supply is calculated by determining how long it would take to sell the number of homes listed for sale at the current pace of sales. Six months of supply is generally considered the point where a market moves from one favoring sellers to one favoring buyers.

Area March 15
Gig Harbor 16.7
Bonney Lake/Lake Tapps 11.7
Tacoma, North 14
Tacoma, Southeast 11.9
Parkland 11.2
Fife 10.4
Puyallup 10.1
Tacoma, Central 12.5
Browns Point 9.7
UP/Fircrest 10.1
Spanaway 8.1
Graham 12
Lakewood/DuPont 9.8
Roy 13.9
Eatonville 15.8
Tacoma, South 11.1
Categories: Sales activity