Numbers show home-buying frenzy in Pierce County

Buyers are snapping up Pierce County homes faster than in almost any other area in the country, according to real estate data firm Redfin.

Pierce County is tied with the Portland area for the third-fastest-moving housing market in the nation, according to Redfin. That’s a record fast turnover, according to Redfin data stretching back to 2012.

As of April, homes in the county, sellers found a buyer in a median of just 10 days — faster than since any other time in the past several years, Redfin data show.

“The market tends to accelerate through June so I wouldn’t be surprised if new records for speed and competition are reached in May and June given what we are seeing now,” said Nela Richardson, Redfin chief economist.

Denver-area buyers have homes under contract in just six days, while Seattle-area buyers — people who made an offer on homes in

... read more at: