For the week of January 19, 2015, the median list price for homes in Olympia WA is $274,972 and the average Olympia WA home for sale has been on the market for 143 days. Inventory has been lightening lately and the Market Action Index has been trending up, indicating that we're moving more towards a Seller's Market for real estate in Olympia. This is a mildly positive indication for the Olympia housing market.
As to Supply and Demand for homes in Olympia WA, the market remains in a relative status quo in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory for Olympia WA homes is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market for homes in Olympia WA heats up persistently, prices are likely to resume an upward climb.
The Market Action Index, MAI, answers the question "How's the Market?" for homes in Olympia by measuring the current rate of sales versus the amount of the inventory. An index above 30 implies a seller's advantage and below 30 conditions give the advantage to the buyer.
Author:Cory Burger Phone: 360-701-5391 Dated: January 19th 2015 Views: 621 About Cory: ...