Thurston Country Market Conditions with Don Manzer
April 2025
Our market has generally just been following the typical seasonal trends. The largest change over the month is that the months of inventory moved up to now 1.9 months. Last year it was 1.7 months, so not a huge change.
That is still definitely a scarce inventory situation. Those balanced markets of years ago tend to occur with 4 to 6 months of inventory which now seems an impossible level.
this month
At a Glance
Average Months of Inventory
0
Average 30YR Fixed Mortgage Rate
0%
Available Home Inventory above $450k
0
The inventory of homes for sale is up 18% year over year to now 434 in the county. The number of deals is down 2% from a year ago. The median list price of the homes for sale is up 6% over last year to now $605k. Distressed properties have increased to now 2.3% of the market, which is still insignificant. The median sold price, on a 3 month rolling average basis, is up 5.9% year over year.
The average 30 year conventional rate is now 6.65%, down very slightly. Most transactions seem to be in the more traditional fashion. Negotiations and inspections are occurring, and that allows the parties to be more thoughtful. However, those marketplace favorite homes can still get the wild outcomes with multiply offers and risky provisions.
If you would like to participate in this generally calmer market then give Don a call. In any case enjoy the improving weather and those spring flowers.
