June Market Update: Economic momentum Meets Real Estate Growth in Gig Harbor

As June has come to a close, both national economic data and local real estate trends offer insight as to where we stand, and where we may head in the second half of 2025. Gig Harbor and Peirce county continue to show steady growth, even as broader economic conversations unfold at the national level. While inflation and interest rates continue to make headlines, what's happening at the local level tells a clear story: home values are rising, inventory is expanding, and buyer activity remains strong.

According to the latest data from NWMLS, Pierce County alone has seen a 27.83% increase in active listings compared to June 2024, jumping from 1,976 to 2,526 homes on the market. This is part of a larger trend all across Washington, where active listings are up 37.82%. While increased inventory can sometimes signal a cooling market, prices in Pierce County, especially in submarkets like Gig Harbor, continue to rise.

As of June 2025, the median home sold in Pierce County was $554,361, representing a 3.2% increase over last year. In Gig Harbor specifically, the median sales price rose from $550,000 in June 2024 to $579,000 this June. That $29,000 increase shows how demand remains strong, as houses continue to be firing on the market. High-end neighborhoods are also seeing immense movement. In the Rosedale and Artondale areas, the median home price has reached nearly $1.5 million, up 12.2% from June last year, reflecting the competitive nature of high-value homes in the region. 

Gig Harbor's housing market is shaped by larger economic patterns, including interest rates, employment conditions, and inflation. As inflation continues to cool nationally, now sitting close to the Fed's 2.0% target, consumer confidence is improving. That confidence fuels real estate activity, especially in lifestyle-driven markets like Gig Harbor, where quality of life remains a major draw. Global trends, too, play a role. Supply chain adjustments, investment patterns, and inflation abroad all impact material costs, development timelines, and buyer behavior. Even small towns like Gig Harbor are touched by these macroeconomic shifts. But the story here is driven by both increased inventory and strong, resilient demand.

For homeowners and prospective buyers, June's numbers show that Gig Harbor remains a highly desirable and steadily appreciating market. Whether you're considering selling, upgrading, or buying your first home, its clear that local momentum is strong and supported by broader economic conditions.