Thurston County Real Estate ~ Market Report ~ August 2007

Current Market Conditions (July 1 to Aug 2)

Inventory continues to increase especially for new construction homes. New construction represents over 25% of active properties in Thurston County. Lacey (39.95%), Yelm (36.28%), and Tumwater (35.11%) have the largest percentage of new construction houses available.

The absorption rate is currently at 6.27 months for Thurston County. Absorption rate is the projected number of months it will take to sell all available homes taking for account the previous months (July) Sales.Yelm leads the way with a 8.41 months absorption rate followed by Tumwater at 8.19. Resale homes in Tumwater have a absorption rate of 5.67 months (just above the average in Thurston County of 5.51) but new homes in Tumwater have been slow to move at 46.00 months rate (WOW). 

The median days on market for homes that sold between July 1 to August 2 was 50 days in Thurston County. Tumwater lead the way in this category at 70.

For a more detailed overview of sales activity in Thurston County please review the chart below.

Click on the image for a printable copy

Alex Bautista
Keller Williams Realty Olympia
Olympia Washington Real Estate
AlexBautista@KW.com
360 556-4231

View All Available Listings in Thurston County @ Olympia Real Estate or King County @ Seattle Real Estate or Pierce County @ Tacoma Real Estate or Lewis County @ Lewis County Real Estate or Olympia Waterfront Homes @ Olympia Waterfront Real Estate or in the Fort Lewis Area @ Fort Lewis Real Estate or in the McChord AFB Area @ McChord AFB Real Estate.