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.

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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
Wednesday, June 11th, 2008
Posted by Devona Wells @ 08:30:34 am

The month of May provided a little bit of price-change variety around Pierce County, giving a few areas year-over-year median price gains while the countywide number fell as it has for eight of the last nine months. The median home price for the county in May was $259,739 – a 7.6 percent drop from the same month in 2007, according to the Northwest Multiple Listing Service.

Here’s a look at how 16 areas around the county fared, with May’s median price and the year-over-year change. Areas with fewer than 10 sales are excluded. (Next month I’ll provide a year-to-date perspective on prices to gauge how the first six months of 2008 is shaping up compared to the first half of last year.)

If you want some sales activity context with your price numbers, check out this post from earlier in the week. For example, each of the areas with median year-over-year price increases – Roy, Eatonville, Lakewood and DuPont -- were among the half with the fewest home sales for the month.

Area May Year-over-year change
Bonney Lake/Lake Tapps $275,000 -17.3%
Browns Point $340,000 -16.2%
DuPont $307,468 +4.2%
Eatonville $299,988 +7.5%
Fife $276,798 -10.7%
Gig Harbor $350,000 -7.9%
Lakewood $275,000 +23.8%
Parkland $203,000 -15.3%
Puyallup $252,250 -11.5%
Roy $263,000 +25.2%
Spanaway $244,900 -6.2%
Tacoma, Central $213,990 -11.2%
Tacoma, North $283,500 -8.5%
Tacoma, South $196,750 -6.1%
Tacoma, Southeast $202,000 -3.1%
UP/Fircrest $302,825 -2.5%
Categories: Housing prices