Homebuyers in Pierce and Thurston counties saw an increase in active listings in January compared to the previous year, but prices continued to rise. Active listings increased by 33.7% in Pierce and 23.2% in Thurston, yet median sales prices for homes rose 5.8% in Pierce and 9.8% in Thurston. The median price for homes in Pierce County reached $556,975 and $538,153 in Thurston. Despite rising inventories, affordability remains a concern due to increasing prices and interest rates, which averaged 6.95% for 30-year fixed mortgages.

Continue to full article