Thurston Country Market Conditions with Don Manzer
March 2025
Once again no large net changes in the county’s market this last month. Inventory has gone up a little to now 402 homes for sale. That is a 20% increase from a year ago. Pending sales have gone down to now 298, a 12% decrease from a year ago.
The net result of those changes is that the months of inventory statistic is now 1.7 months. That is still an absolute seller’s market. Balanced markets tend to occur in the 4 to 6 months of inventory range, which is not even conceivable yet.
this month
At a Glance
Average Months of Inventory
0
Average 30YR Fixed Mortgage Rate
0%
Available Home Inventory above $450k
0
The median list price of the inventory is $620,000, up 7% year over year. The median price of sold homes, on a 3 month rolling average basis is up 5% year over year. Reo and short sales are still an insignificant portion of the market now at 1.5%.
The average 30 year conventional rate is now now 6.76%. Most transactions are occurring in the more traditional fashion with negotiations and inspections occurring, and the parties getting 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, those daffodils are getting close to flowering, so enjoy March.
