Olympia WA home prices for April 2013

Olympia WA home prices for April 2013

Here is this month’s real estate market report for Olympia WA in Thurston County by Francine Viola, Realtor of Coldwell Banker Evergreen Olympic Realty.

Olympia WA home prices and market activity for April 2013

In last month’s report, I wrote about Absorption Rate.  Here is another view of this.  This chart shows that the number of new listings to the number of buyers is just about equal.  In 2007, we had an overabundance of listings with not enough buyers to absorb the inventory.  We are now in a balanced market, on the cusp of a seller’s market in some locations in Thurston County.

Pending sales in Olympia WA

April 2013 Olympia WA Home Prices & Real Estate Report Summary

real estate Inventory Olympia WA

Average Home Prices – a flat trend for the last 18 months

Average home price in Olympia WA

We are in the midst of a transition coming from a strong buyer’s market into a balanced market and heading towards a seller’s market.  Buyers will not be disappointed with their home purchase in 2013, however the trend is shifting.  Buyers should to take action sooner rather than later to reap the benefits of the Olympia WA real estate market.

 

Tumwater FallsFind Homes for Sale in Olympia WA

Visit my website to search for homes in Olympia WA or sign up and get notified when Olympia homes that meet your criteria come up on the market.  This is a great service to have especially since inventory numbers are dropping.  Be the first to know of a new listing!

To find out what your home is worth in the current Olympia real estate market, email or call me today at (360) 359-0689.

 

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