If you look at last year's real estate absorption rate for Thurston County you can visualize an ascending curve toward and through the summer and then a pretty sudden drop at the end of the year.
You might wonder what's so special about a drop in real estate inventory at the end of the year. It's a well known fact that many sellers will either take their unsold listings off the market during the slow season to re-list again in the spring, and many agents will want to hold new listings off until after the holiday season, when very few buyers are shopping for homes.
Let's look at how we arrive at these numbers. We basically look at how many active listings are on the market each month, and how many listings sold the previous 12 months. We'll then figure the average number of sales per month and divide our active listings by that number. In December we had 1426 active residential listings in Thurston County; the lowest number that year. However, we've had 2866 sales in the previous 12 months. That's the fourth highest month in the past year.
The reality is that sales are picking up, resulting in decreased inventory. that's good news for home sellers.
Sandy Nelson
Olympia Realtor®, GRI, ASP, Built Green
360-789-7505
www.SandyNelsonRealEstate.com
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