February ‘24 Market Update: what’s happening?
I don’t do market updates often—because let’s be honest, they age faster than bananas. But when the numbers tell a story worth sharing, I’m here for it. In this episode of Real Life and Real Estate, I break down what happened in January 2024 and what we’re watching for in February across Pierce County, including Puyallup, Tacoma, and surrounding areas.
🧊 January 2024 Recap: A Slow Start, But Not Unexpected
January came in cold—literally and figuratively. The real estate market was quiet, with fewer listings, slower buyer activity, and a general sense of “wait and see.” But that’s typical for this time of year. Here’s what we saw:
Low inventory kept competition down
Buyers were cautious, watching interest rates and waiting for spring
Sellers who listed early had to be strategic with pricing and presentation
It wasn’t a boom, but it wasn’t a bust either. It was a reset.
🌱 February 2024 Projections: Signs of Life
As we move into February, there’s a shift in energy. Buyers are starting to peek out from hibernation, and sellers are prepping for spring. Here’s what I’m watching:
Interest rates are stabilizing, which could bring more buyers off the sidelines
First-time buyer programs are still active, offering workshops and incentives
Strategic pricing is key—overpricing will stall your listing, but smart pricing can spark interest
If you’re thinking about selling, now’s the time to talk strategy. If you’re buying, start getting your ducks in a row—pre-approval, budget, and wish list.
💬 Real Talk for Homeowners
This episode isn’t just numbers—it’s about what those numbers mean for you. Whether you’re downsizing, investing, or just curious, I share:
How to read between the lines of market data
Why timing matters (but isn’t everything)
What to ask your agent before making a move
Listen/watch the full episode: February 2024 Market Update
