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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More real estate blogs:

Rain City
Seattle area real estate blog

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Real estate and the housing bubble

The Real Estate Blog
National scope

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

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

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Tacoma and South Puget Sound Real Estate Blog
Wednesday, August 6th, 2008
Posted by Devona Wells @ 01:13:23 pm

The latest Northwest Multiple Listing Service numbers were just released and the median home price in Pierce County continues to decline compared to the same month last year. July saw a 9.4 percent drop to $255,000.

And, despite it being the middle of summer when transactions (and prices) are supposed to be at their busiest and best, July's price also fell compared to June's. Not by much, just 1.6 percent, but a month-to-month dip doesn't help those trying to find the bottom of this slowdown.

Here's a look at Pierce County's year-over-year price changes since the start of 2007. Later this week I'll post breakdowns by areas in the county of July price and sales activity.

2008
July: -9.4 percent
June: -6.6 percent
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