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, June 5th, 2008
Posted by Devona Wells @ 12:32:36 pm

On the price front at least, Pierce County's housing market appears to still be on the slowdown track. The newest stats released today by the Northwest Multiple Listing Service showed the county's median home price in May at $259,739, a 7.6 percent decline from the same month a year ago.

Here's a look at other nearby counties -- all of which also saw year-over-year price drops:

King: -2.9 percent
Thurston: -0.6 percent
Kitsap: -14.3 percent
Snohomish: -6.7 percent

And here's how year-over-year prices have been trending for the previous year and a half, according to MLS numbers:

2008
May: -7.8 percent
April: -4.3 percent
March: - 6.02 percent
February: -7.8 percent
January: -2.5 percent

2007
December: +.01 percent
November: -4.4 percent
October: -1.4 percent
September: -2.4 percent
August: + 4.4 percent
July: +3.3 percent
June: +0.82 percent
May: +6.9 percent
April: +3.2 percent
March: +5.8 percent
February: +12.5 percent
January: +5.3 percent

Categories: Housing prices