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: 750 About Cory: ...
The focus at Burger Professionals is to be the alpha standard of excellence in professional real estate services. This is accomplished by establishing a small boutique office of highly successful real estate professionals, dedicated to being the best of the best.
You may have heard the phrase that “90% of real estate transactions are handled by 10% of the agents”. While personally selling real estate, the leader and mentor to the highly successful Burger Professionals brokers, Doug Burger, ranked in the over 99.95 percentile in the nation for real estate transaction volume. His dedication to being among the best of the best is now a philosophy shared by any real estate broker chosen to be part of this unique real estate firm. The number of brokers is limited, by design. Only the most dedicated professionals are invited to work at Burger Professionals.
The dedicated and knowledgeable real estate brokers at Burger Professionals can provide you with the highly specialized information that you will need to make the right decision. It’s the combination of this unique market-knowledge, and excellent negotiating skills, that enable our brokers to get you the optimal price for any property you plan to sell or buy. We are proud of our brokers, and the reputation they have earned from their clients as among the best of the best.