Real Estate Market last month

I am changing my real estate market updates a bit; this will show total number of currently active residential listings in the Olympia/Lacey/Tumwater areas, as well as a rundown for the month of June for listings that came on the market or went pending by price category.
Total active listings within the greater Olympia area is now at 1444.
During June, the activity looked like this:

New listings New pending sales

Under $200K - 16 26
$200-250K - 112 52
$250-300K - 75 55
$300-350K - 36 23
$350-400K - 33 23
$400-500K - 51 13
Over $500K - 43 10

So there is still a good amount of inventory for buyers looking to get a great value on a home to live in or acquire as an investment property. I notice that in the under $200K category there were actually more new pending sales than new listings - those are still moving rapidly when they hit the market with even multiple offers being not an unusual thing. Buyers in that price range have to be ready to move very quickly with an offer when they find the house they want!
I think the pattern of new pendings in the price brackets of over $200K but under $400K are encouraging, too. It is when you get above $400K that activity is just very slow and time on the market tends to be pretty lengthy. I would still advise that anyone wanting to sell absolutely must get their home priced right (as in very, very close to the mark where it should actually end up selling) as well as having it in top notch condition inside and out. If you don't really need to sell and just think it might be interesting to "test the market" at an above market asking price - please think again!