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Is now a good time to buy or sell in Olympia, WA for January 2019?
There is a lot of misinformation out there about the real estate market in Olympia, WA that is causing all kinds of problems for both buyers and sellers. Buyers and sellers are asking, is this a good time to buy/sell?
It’s no wonder there is so much confusion. Even today, the real estate headline in our local paper touts how great this “balanced market” is for buyers. Huh? A balanced market? This is just not correct. The Olympia, WA market is squarely in a seller’s market.
If buyers were solely guided by what they read in today’s paper, they would be missing out on homes because they wouldn’t understand the true landscape of the real estate market. They would be writing below-market offers, asking for concessions and would be stunned when the seller rejects their offer. They would be even more shocked to learn they still are competing with other buyers for the same property.
Sellers are being misled, too, with these headlines about a balanced market. Sellers are either underpricing their homes and/or putting off an otherwise desired sale thinking prices have dropped or, in some cases, they are overpricing their homes thinking prices are still skyrocketing at last spring/summer’s rate.
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