Prices and Volume Down in
Thurston County AGAIN
Sales volume in April hit a 10 year low last month in Thurston County. This is great news for buyers because prices usually follow pricing trends. Last years tax break is probably responsible for the volume spike in April of 2011. However, he slope of price decline if you consider the two year moving average seems to be good news for sellers. Even though prices are dropping, they are not dropping quite as fast. I know thats pretty thin "good news", but that's the best I can do. Seller need to consider aggressive pricing and take any offers very seriously. The average price per square foot is dropping at almost 1% per month.
Buyers should strongly consider making a move into the market soon. The optimal time to buy will be a time when low interest rates and prices intersect at the most affordable point. Rates may increase while prices continue to slide. In this case you may get a better price but still wind up with a larger payment. The truth is that we won't know when the optimal time to buy is until it's past and we see rates shoot up. In many cases it's more affordable to buy now than rent.
If you are looking to buy in Olympia, Lacey, Tumwater, Fort Lewis or Dupont call a Vanguard Real Estate consultant today. They are better skilled and will always negotiate in your best interest.
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