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Thurston’s real estate market heads in a new direction, as sales fall!

Credit: Yelm RE/MAX Country Property Management

Sales fall, inventory rises as Thurston real estate market heads in new direction

From The Olympian:

The number of single-family homes sold in Thurston County fell 10 percent and inventory more than doubled in June — yet another sign that the local housing market is shifting to become better for buyers after favoring sellers for years, according to new Northwest Multiple Listing Service housing data. Want another sign? Inventory of Thurston homes on the market — which has long been less than one month — finally rose above one month in June for single-family residences, the data show. A market that doesn’t favor either sellers or buyers is thought to have four to six months’ worth of inventory.

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June housing market data

▪ Single-family home sales fell 10.3 percent to 515 units in June 2022 from 574 units in June 2021.

▪ Single-family home median price rose 11.7 percent to $525,000 from $469,950 in June 2021.

▪ Pending sales fell 18 percent to 556 units from 682 units over the same period.

▪ Condo sales rose to 15 units in June 2022 from 13 units in June 2021.

▪ Condo median price rose to $327,000 from $249,950 over the same period.

▪ Pending sales fell to 13 units from 26 units over the same period. Source: Northwest MLS.

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Posted by Steve on July 13, 2022 at 12:31 am | Permalink

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