June 2025

Here are the June market stats for Thurston County.

I know it looks like the Feel-O-Meter hasn't changed. Here's a brief explanation why it hasn't.

As we see the active listings jump up over 40%, people may start thinking this is turning into a buyers' market. Technically, the months of supply would need to more than double what we are seeing now in order to shift to a buyer's market. But still, there are characteristics of balance between buyer and seller negotiations now. Lower interest rates could put us right back into a solid seller's market. The appreciation rate is right where it should be. So, there is argument for the interest rates to remain where they are to avoid inflating prices faster than they should.

It will be interesting to see the trends in the months to come.

May 2025

Here are the May market stats for Thurston County.

This month of data for the Thurston County Real Estate market holds steady the low "Days on Market" that we first saw in April's market report. Other than this steady decrease, everything else seems to continue leaning the opposite way, with everything seeing an increase in comparison to May 2024, including "Sold Listings", which last month was down 4.66% from the previous year, but now we are seeing that 5.37% more listings have sold this year than previous. That "Market Feel-O-Meter" continues to remain religiously in the middle as we've seen since last year with no clear indication of tipping one way or the other. 

April 2025

Here are the April market stats for Thurston County.

Despite economic concerns, the Thurston County Real Estate Market keeps moving along. The number of sold listings isn't as high as the previous April, but even still this April continues to have the most sold listings in any single month of 2025. The supply is about average to what we've seen so far this year, but the "Days on Market Until Sale" has gone down by approximately 15-17 days when comparing to the 52-54 days required we saw during Q1 of 2025.

March 2025

Here are the March market stats for Thurston County.

Looking at the market stats thus far for 2025, we're seeing a consistent trend between the data. Months of supply seems to be dropping, but very slowly. Days on market continues to hold strong, but in comparison to the previous year, this first quarter has seen a significant increase in active listings and sale price, with the number of sales being hardly different from 2024. Our experienced realtors here at MVP believe the market is in a transitional state at the moment, so it's hard to label who's market this currently is. This wraps up 2025 Q1!

February 2025

Here are the February market stats for Thurston County.

This month's market reports stats feel less skewed than January appeared to, except that there was one area of Thurston County that saw zero sales in 2024 where it did see sales in 2025, but only 3 sales so that wouldn't affect the overall too terribly.

While the "Median Sale Price" and "Active Listings" are on the increase in comparison to the previous year, sales have stayed somewhat the same. Whether or not that means we're inching towards a buyers market will be determined with time and patience, but decades of history showing growth of housing prices confirm it's always a good time to begin your investment in the market and start benefiting from that appreciation.

January 2025

Here are the January market stats for Thurston County, and they are quite interesting.

Looking at the average median sale price for January 2025 vs January 2024 we see an increase of $40,000. We were quite shocked to see such an increase, and less shocked to find the suspected outliers.

The Northwest MLS provides detailed reports for Thurston County when releasing these numbers. There are many different areas with their own average sale prices and all together they cause the average shown above. Most areas in Thurston County appear to be relatively the same with a healthy range of increases and decreases. There are, however, a select few areas that saw an average median sale increase of $200,000-$300,000! Having this knowledge, it is hard to say whether or not that increase in price is an actual market trend or a random blip. Only time will tell.

The other values on our graphic are also equally important with a dramatic increase in active listings from the previous year and slightly fewer sales during the month of January. To be more specific, 7 less houses were sold this year than last year (NWMLS). Furthermore, while we haven't provided the previous year's "Days On Market Until Sale", we have confirmed that there was a dramatic 29% increase in days on the market in comparison to January 2024. 

If you're curious about how this information may be pertinent to your own home and are looking for expert guidance on your buying and selling journey, please CONTACT US!

2023 vs. 2024 Real Estate Markets

Taking a moment to look back with fresh eyes on how the market shifted in 2024 in relation to the previous year, 2023. Having an understanding of our market as we march into a new year is essential as a buyer or seller.

Looking at the graphic, you can see that most everything in 2024 saw an increase from the previous year. The increase in median sale price isn't radically different from the previous year, but our months of inventory and days on the market saw some substantial change. While a 30.8% increase in "Months of Inventory" sounds a bit dramatic, we are still on the lower end of history when it comes to inventory. We see the same story with the 12.9% increase in time that homes are marketed for until sale, still on the lower end of history's spectrum.

Taking a look at Keeping Current Matters article, Expert Forecasts for the 2025 Housing Market, they appear to be projecting a very minimal shift in mortgage loan rates throughout the 2025 year. So for those who are holding out on lower interest rates, it doesn't appear to be in the cards. So why wait? Contact us at MVP Realty Group to set up a consult today!

November 2024

Here's a glance at the November market stats for Thurston County, Single Family Residential Real Estate.

Though market times have increased over the year, the median sale price continues to increase slowly. There were 75 less home sales (year to date) this year than compared to Jan-Nov 2023. Increased home listings, increased months of supply, increased days on market. We are showing the "feel-o-meter" straight up - not necessarily a buyer or a seller market. 

This is general information only. For a more in-depth look at your home's value, reach out to us! We will be able to look closer at your home, nearby comparable sales, and help you come up with your best price!