Federal Way Real Estate Market Conditions & Reports, Federal Way Market Trends, Washington

Market Commentary Provided by Top Agent

Report Date

Fall 2009

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Nearest Metro Area

Seattle, WA

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

Less than 10 days

Market Trend

Increasing

Housing Inventory

Limited supply

Average Home Price

275,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

More than 100%

Multiple Offers?

Yes

Greatest Activity

Single-family homes

Buyer Activity for the past 90 days in Federal Way is

Seller Activity for the past 90 days in Federal Way is

Is Financing Available For Qualified Buyers in Federal Way?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

All of Pierce County, especially Puyallup and Bonney Lake

Reason to Buy/Sell

Other

Average Sold Price

275,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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