| Main |

Thurston County housing sales fall 25 percent year-over-year!

“Work continues on the Bradley Park subdivision, an 80-plus home development across from North Thurston High School at Sleater-Kinney Road at 15th Avenue Northeast.” Credit: Steve Bloom, The Olympian.

Thurston County housing market slows as sales fall 25 percent

From The Olympian:

“Sales fell 25 percent comparing July 2022 to July 2021. On a month-to-month basis, the median price of a single-family home fell, the data [Northwest Multiple Listing Service] show.

“The county median price in July was $505,000, down from $525,000 in June. What’s causing the change? Higher gas prices, higher inflation — inflation rose 9.1 percent in the year-over-year period ending in June — and higher mortgage interest rates, which remain higher than a year ago even though they have inched down in recent weeks. All have contributed to a shift in the housing market.”

Read more

Posted by Steve on August 8, 2022 at 12:01 am | Permalink

Post a comment

No comments yet. You should be kind and add one!

By submitting a comment you grant Yelm Community Blog a perpetual license to reproduce your words and name/web site in attribution. Inappropriate and irrelevant comments will be removed at an admin’s discretion. Your email is used for verification purposes only, it will never be shared.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.



Social Media Auto Publish Powered By : XYZScripts.com