Current Price Trends
March market statistics just released by NWMLS show the median price of single-family homes in Puyallup continuing a slow upward trend. The median price rose to $272k from last month’s figure of $270k. The Puyallup market is experiencing increased activity and market optimism is gaining a foothold.

April 2008 Puyallup Median Sold Price

The average cumulative days on market - total time a home is for sale, from listing to closing - dropped a bit, moving down to 142 days from 156 days the previous month. Buyers continue to have the upper hand, even though the average sale price to original list price rose to 94%, up from 93% the previous month.

April 2008 Puyallup CDOM

Market Activity
Listing inventory continues to grow and reached 1074 homes for sale by the end of March. Sales also increased for the second straight month to reach 126 for the month. This is the highest figure since August 2007. Sellers willing to price their properties competitively are seeing brisk activity.

April 2008 Puyallup Sold

* Homes sold - single-family homes, both resale and new construction, but not condos or vacant land.
** Median home price - the middle price in a given sequence of prices, taken as the average of the two middle prices when the sequence has an even number of homes.
*** SP/Orig LP% - Sale price divided by original list price.