Living Green Olympia: Yes Houses Sold in September

Yes Houses Sold in September

I like to take a look at the statistics of new listings and new pending sales for a past month and see what they seem to indicate as to the direction the market is headed.  I looked back to September and checked out new listings and new pendings for single family homes only and just in the main Olympia/Lacey/Tumwater core area, and sorted them by price bracket.  Here is what I found:

                 NEW LISTINGS                                            NEW PENDING SALES

Under $200K            27                                                      21

$200-250K              97                                                      32

$251-300K              58                                                      32

$301-350K              27                                                      13

$351-400K              18                                                      9

$400-500K              21                                                      8

$500-600K              11                                                      0

Over $600K             13                                                      3

Obviously most of the activity is in the price bracket under $300K, and especially once you cross above $351K it is tough going as far as buyers ready to choose and buy.  But I am encouraged to see that in the active price brackets, sales are indeed still happening - it looks to me like once buyers sort out whether they can get approved for financing they are ready to move forward.  Depending on their criteria, there may be quite a bit to see, but buyers do not seem inclined to sit on the fence forever in hopes of somehow finding lower and lower pricing.  Since the desire to own your own home is still strong with many people, the reasons to go forward are outweighing the thought of just shopping endlessly.  And comparing the investment prospects of real estate or the stock market, a tangible investment that is also a place to live sure beats mysterious and hard to get a handle on stock selections (does anybody really have a clue which stock market choices will make you smile instead of cry?)





                        Showing Olympia - Let me show it to you!!

For Info on the Communities of Olympia, Lacey & Tumwater  WA and the real estate to be found here, just call me, text me, email me!  And I'd love for you to subscribe to my blog.

Nancy Conner, City Realty Inc,    360-701-1086      

Comment balloon 0 commentsNancy Conner • October 13 2008 04:13PM