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.”
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