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The Thurston County Housing market is still quite robust, but somewhat depressed compared to recent historical standards.   The market is percieved as slow (I believe it is a buyers market), and inventory is the culprit.   In our market at any given time there are normally 700-1000 able buyers, and in the past about the same number of homes; as the numbers below show, we now have 21/2 times the inventory of homes on the market, and I believe many non-commital buyers (the economy shows that those buyers are still here).   

The following information is compiled and provided by the Olympic Multiple Listing Service (OMLS).

The Housing Conundrum; A Reality Check

For those of you who watch the housing market statistics for Thurston County, you may have noticed that we have a very unique situation forming in our market.  Housing prices (for homes sold) have been going up since January, while total numbers sold have been declining.  This represents a clear sign that a correction of some sort is immenent or underway.  If sales volume goes down, prices should go down as sellers try to entice buyers.  Conversely, an increase in sales volume should dictate an increase in prices…..simple supply and demand. 

Chicken Little:  I am not suggesting that the market is about to tank, I am stating the obvious; some of us have gotten a little bit “irrationally exuberant”, and need…

Coffee house chat has it that the real estate market has somehow changed for the worse, but can't put a finger on it.  I disagree; people are listing homes, they are selling homes; they are happy, and they are making money.   The psychological effect of down markets in other parts of the country, record new construction numbers in Thurston County, and unreasonable expectations from some sellers has definitely had an impact on our collective perception of the market.  The facts, however, are that we are buying and selling homes at a brisk pace, interest rates are great, and our geographic location and projected growth bode well for the future. 

     If you are thinking of selling your home, think of it just as you would selling yourself, your business, or…