Thurston County Residential Real Estate Market

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Thurston County Residential Real Estate Market Statistics as of 31 Dec 2016

The Thurston County Market Statistics for December show year-over-year drops in new listings, but gains in pending sales, closed sales and prices. Sales activity is substantially higher than the number of new listings. This fosters a competitive market for home buyers.

Thurston County Listings

Thurston County has 677 residential single family listings as of 31 Dec 16. That is down from last year by 17%. More homes have sold this year compared to last year up 19% . Currently listed homes that went under contract (Pending sales) in the last calendar month are up 13%. The average days on the Market for sold homes are down by 33%

Median List price.

The median list price for Thurston County Residential Real Estate for the year is $309,990 compared to $279,900. This is up 11%.

Thurston County Sales

Median sales price Thurston County .

The median sales price is up for the Month of December 2016 from $245,000 to $279,000 up 14%. The median sales price ending year 2016 is $264,950 up 8% .

Ratio of Sales price to List Price

Ratio of Sales Price to List price is 98.7%. This is the relationship between the Final List Price and the Final Sales Price.  This does not take into account the “Original List Price.”

Statistical Summary By Counties from the NWMLS is at  Market Activity Summary and 4-County Puget Sound Region Pending Sales (PDF)

Buyers and Sellers should expect prices to continue edging upward, suggested George Moorhead, MLS director.

Source:  Northwest Multiple Listing Service

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