Olympia and Lacey WA housing market forecast for 2017
By Francine Viola, REALTOR®, In Tune with your Real Estate Needs
(Coldwell Banker Evergreen Olympic Realty, Olympia WA)
Last year was a record year in the Olympia and Lacey WA housing market, and 2017 is on a path to exceed 2016's numbers. Here's a snapshot of 2016: 4,893 home sales in Thurston County, WA. For comparison, in 2011, at the bottom of our market, Thurston County had just 2,600 home sales. $282,738 average sales price. Since 2013, the average sales price has increased nearly 28%! 677 homes for sale as of December 2016. For 2016, we nearly beat our historic low for active listings. In 2011, there were 675 homes listed for sale in Thurston County. For comparison, at the worst of our market, Thurston County had nearly 2,300 homes listed for sale. Predictions for 2017:Affordability will be a challenge. In Thurston County, as the supply continues to diminish, the prices will climb. But w...