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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 ... Read Full Post

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 incre... Read Full Post

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 ... Read Full Post