In Tune with your Real Estate Needs
Real estate statistics for Olympia, Tumwater, Lacey and greater Thurston County, WA.
Everyone wants to know if this is a good time to buy or if it’s a good time to sell. Real estate markets are not good nor bad. The problem buyers and sellers face is they don’t want to operate within the parameters of the current market. The market is like your fenced backyard – …
The Spring 2023 real estate market is off to a sluggish start but it’s not because buyers have hit the pause button – it is the lack of sellers coming to the market. This is creating a steep seller’s market. The good news for buyers is right now we have a unique window of opportunity …
Last week had a lot of rough financial news from the Federal Reserve Chair Jerome Powell saying rate hikes are coming higher than predicted and more often, the stock market reacting to that news, Silicon Valley Bank and other banks collapsing, and interest rising. You’d think the Olympia real estate market would have come to …
Last year was the year of two different markets: searing hot in the first half and cool in the second half as interest rates skyrocketed and doubled. This year is sputtering to heat up but the fluctuating interest rates, low inventory and still strong demand are setting 2023 off to a rollercoaster start. Homes Prices …
Nerdwallet conducted a survey recently and found that most Americans are wildly misinformed about the state of the real estate market. This is why some of my buyer-clients are shocked when they find out they are in a multiple offer situation or they don’t understand why the seller did not accept their low-ball offer. Here’s …
Our local meteorologist, Abby Acone, had a great quote this morning when she reported this week’s temperatures are much colder than normal. She said, “there’s no such thing as bad weather, just bad clothing choices”, and that’s true with real estate, too. There’s no such thing as a good or a bad real estate market. …
The real estate market is continuing to keep us on our toes. Earlier this year, buyer demand for homes was extremely high and supply was extremely low. Now demand and supply are both down. Typically, when demand for homes goes down, home prices follow but that’s not happening because supply is still low. Home prices …
Even with a slowdown in the number of sales, the Thurston County real estate market is still a seller’s market. However, there are many opportunities for both buyers and sellers. Here’s what the August market delivered for buyers and sellers: Home Prices Home prices are still going up. What has changed is the steep angle …
Here are the quick stats of what happened in July 2022 in the Olympia, Washington real estate market: Interest rates – interest rates are moderating; down from the highest at 5.81% in June to 5.22%. Double the listings – the number of homes for sale doubled from last July to 645 listings. Seller’s market – …
The words “typical” and “real estate market” haven’t been used in the same sentence these past two years as the market has been anything but typical (a pandemic, extremely low inventory rates, high buyer demand, and now add inflation and higher interest rates). Typical days may be ahead, but “typical” doesn’t mean a market crash. …