Market up date for 5/10/08

So here is the weekly update of new listings/new pending sales in Olympia/Lacey/Tumwater by price bracket:

Under $200,000 - 3 new listings - 4 new pending sales
$200-249,999 - 21 new listings - 16 new pending sales
$250,000-299,999 - 13 new listings - 14 new pending sales
$300,000-349,999 - 7 new listings - 4 new pending sales
$350,000-399,999 - 9 new listings - 2 new pending sales
$400,000-499,999 - 11 new listings - 5 new pending sales
Over $500,000 - 6 new listings - 5 new pending sales

The basic trends are holding with the highest number of new listings & new pending sales in the $200's. Under $250K there are more coming on the market than going pending, but the $250-299,999 bracket actually had one more pending than new listing - cool! And in the very difficult over $500K bracket, although 6 new listings came on the market, we also saw 5 new pending sales compared to just 1 last week!

The volume of calls and open house visitors is still increasing it seems - nicer weather is bringing people out to drive around and house hunt a bit! And interest rates, though a bit volatile, are still quite attractive.

So - we will see what the coming week has in store for the real estate market!