Thurston County Market Conditions with Don Manzer: September 2018
We’ve got another detailed account of the Thurston County Market Conditions from Don Manzer in his newsletter for the month of September 2018. If you would like real estate advice or help, then give Don a call. He continues to be ready to help any of the readership, or their friends, with their real estate needs.
The local market is still fairly lively, but off a little from prior years. Prices of the inventory have been basically flat from March to July and have now actually fallen off a little. The median price is now $389,500, up a stunning 18% year over year. Days on market are still at a historically low level of 65 days. The number of pending deals has been falling, which is a seasonal trend. It truly seems that pendings being off from prior years is due to lack of inventory, not lack of buyers.
Some other statistics are there are currently 826 houses for sale in the county. That is only down 3% from a year ago. Months of inventory is 1.8 months, the same as a year ago. Days on market is 65 days, down from 72 a year ago. It is still absolutely a seller’s market, but not quite as frantic as during the last few months.
It is still a good time to be a seller in this market. For buyers, interest rates have been flat, and are still quite low levels from a historical standpoint. They are now averaging 4.52% for a 30 year fixed. There continues to much optimism in the marketplace.
The Last 12 Months at a Glance
Contact Don Manzer
This fully forested lot is waiting for your new custom home. The location would support a high value one. It is a rural setting but still handy to both Olympia and Lacey. The site is nearly level but with enough slopes for some good interest. The timber value should help offset some/all of the clearing costs. Survey has been done and there is an approved septic design.