Thursday, October 1, 2026
A tight Thurston County housing market yielded fewer sales and higher prices to start the new year, as options for buyers remained low in the region.
The residential market produced 172 sales in January, compared with 179 in January 2024, according to the Northwest Multiple Listing Service’s Monthly Market Update. That marked a decrease of 3.91 percent in the period.
At the same time, the median price jumped to $540,000 from $500,000. That was up 8 percent.
The condominium market was barely there to start the year with three sold listings in January, compared with 21 in January 2024. That marked a drop of 85.71 percent in the period.
The median price for a condo sank 9.7 percent to $325,000 from $359,950 in the same period.
The mixed results came amid a backdrop of continued low inventory levels in the region. A total of 2.37 months of inventory existed in January, which ranked Thurston County fourth among the 39 counties in the state of Washington.
Snohomish County ranked first at 1.69 months of inventory, followed by Kitsap County at 2.14 months and Pierce County at 2.23 months. King County rounded out the top five at 2.54 months of inventory.
“A balanced market is considered to be (four) to (six) months by most industry experts,” the Northwest Multiple Listing Service (NWMLS) said in its Monthly Market Update.
“At the current rate of sales, it would take less than three months (2.75) to sell every home that is active in the NWMLS inventory.”
There were a total of 385 active residential listings in Thurston County in January, compared with 315 in January 2024. Active condo listings measured 30, up from 22 in the same period.
New residential listings came in at 299 in January, compared with 232 in January 2024. At the same time, new condo listings decreased to 14 from 19.
Pending residential sales weighed in at 271 in January, compared with 272 in January 2024, while pending condo sales fell to 10 from 17 in the same period.
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Southsoundguy
When all the boomers are done selling these homes to each other, these prices will be cut in half.
Tuesday, February 18, 2025 Report this
BCBEAN
Housing is way overvalued especially considering how architecturally ugly most of it is in Thurston County.
Wednesday, February 19, 2025 Report this
Yeti1981
As much as 25% of the end cost of a home is due to regulatory compliance. Not all bad, but not all necessary.
Thursday, February 20, 2025 Report this