INVENTORY VERSUS DEMAND

The absorption rate shows quite a jump for the past month. With over 2000 active residential properties currently on the market across Thurston County, it would take 6.8 months at current sales rates to deplete the inventory.

While inventory rates of over 5 months typically denote a buyers market, what the numbers show us is that while buyers have a lot of homes to choose from, they don't get them at a steal.

LIST PRICE VERSUS SALES PRICE

The past month's sale statistics show that the average home sold at 98.43% of the list price. The average home in Thurston County was listed at $305,692 and sold for $300,895 after being on the market for over 120 days.

Buyers who try to "low-ball" sellers with ridiculously low offers will, more often than not, find themselves face to face with a counter offer that barely deviates from the list price. As you can see from the above numbers the margin is less than 2 percent.

For additional and up-to-date information on the Thurston County real estate market and trends, feel free to contact me.

Sandy Nelson
Realtor for Olympia area real estate
www.sandynelsonrealestate.com

(360)789-7505