January 2020 in the Olympia WA (Thurston County) real estate market started off very strong with lots of buyer activity and positive equity gains for most sellers.
The median home sales price in Thurston County is $342,787.
The gains sellers are achieving are quite remarkable. Our historic average gains are 5.4% annually. In just looking at the January numbers from years past, you can see the above-average increases. And these percentages are also extrapolated into dollar amounts.
It’s hard to believe these numbers but we examined January sales that where the home was not remodeled or had significant updating (as updated homes achieved even higher gains).
Low inventory is one component to rising home prices but that doesn’t mean low buyer activity.
In January 2020, the Thurston County real estate market had more pending listings than activity listings. (There were 318 new listings brought to the market in January with 362 pending listings.) This is the first time in our history this has happened.
Buyers are successful in this market.
Even though we are seeing multiple offers in many cases, it is the prepared buyer that wins out. But buyers, don’t feel overwhelmed or hesitant to enter into this market. It starts with hiring an experienced REALTOR® who can provide you a game plan for success.
If you are a buyer or a seller in the Olympia WA (and greater Thurston County) area, I invite you to call me to discuss your game plan and your options. I’m available to answer your questions and guide you through this fast-paced market. Call me today – I’m taking buyers and sellers!
Statistics compiled by Coldwell Banker Evergreen Olympic Realty from NWMLS data. Statistics are not published or compiled by the NWMLS.