Olympia Real Estate Market Update
2010 has welcomed a productive Olympia real estate market, with the number of sales up 5% from first the first quarter of 2009 and market time down. However, we are beginning to see the impact of the Olympia short sales and foreclosures market, with median prices in the first quarter of 2010 slipping 7.5% from the first quarter of 2009. With the deadline for the homebuyer tax credits looming this week we will soon see how buyers react to a market without cash incentives. Here is a look at current Olympia real estate market conditions:
Olympia Real Estate First Quarter 2010
268 sold, totalling $72,032,344 (2009: 223 sold, totalling $63,557,096)
Median Sales Price: $244,000 (2009: $263,799)
Median Days on the Market: 49 (2009: 68)
Percentage of Homes Sold in 30 Days or Less: 32.84% (2009: 26.91%)
Olympia Real Estate Pending Sales: (4/25/10)
289 pending sales
Median Price: $249,900
Median Days on Market: 40
Olympia Real Estate Active Listings: (4/25/10)
875 active
Median Price: $299,000
Median Days on Market: 61
*Data excludes manufactured homes and condominiums
Currently Available Olympia Real Estate Listings
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