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Lewis & Thurston County Monthly Market Update

Welcome to the Monthly Market Update!  The market update is usually up by the 15th of every month, and all the data is courtesy of the Northwest MLS.  Subscribe to get notified as soon as the market update is live, and check out the blog page for a ton of extra content!

Links

Events

 

  • Olympic Air Show – June 14–15, 2025 (Olympia Regional Airport, Tumwater)
    Spectacular aviation displays, vintage planes, military demos, family fun.
    Learn more & get tickets: https://olympicairshow.com/ en.wikipedia.org+9olympicairshow.com+9experienceolympia.com+9en.wikipedia.org+2experienceolympia.com+2soaringbythesea.com+2
     
  • LoveOly SummerFest – June 20–22, 2025 (Downtown Olympia)
    Free 3-day festival with live music, food trucks, kids’ activities, biergarten & artisan vendors.
    Get the full schedule: https://www.experienceolympia.com/events/loveoly-summerfest-2024/ dva.wa.gov+12experienceolympia.com+12experienceolympia.com+12
     
  • Winlock Egg Days – June 20–22, 2025 (Winlock)
    A century-old celebration with parades, car show, live entertainment, carnival fun & food.
    (See local news for details.)
     
  • Capital City Pride Festival – June 27–29, 2025 (Downtown Olympia)
    Family-friendly Pride celebration with parade, performances, art & community events.
    (See local news for details.)
     
  • Lacey Fireworks Spectacular – July 3, 2025 (Rainier Vista Community Park)
    Live music, kids’ games, food vendors followed by a big fireworks show at 10 p.m.
     
  • Tumwater Independence Day Parade & Fireworks – July 4, 2025 (Tumwater Valley GC)
    Parade at 11 a.m., evening festival & fireworks at 10:15 p.m.
     
  • Centralia Summerfest – July 4, 2025 (Downtown Centralia)
    Celebrating Centralia’s 150th plus the 4th of July with parade, live music, family activities & fireworks.
     
  • Toledo Cheese Days – July 11–14, 2025 (Toledo)
    Four days of small-town fun with parades, carnival games, pancake breakfast & cheese-themed festivities.

News

 

1. Housing Inventory Hits Post‑Pandemic High
Active listings are up 31.5% year-over-year — the most homes for sale since 2020. Homes are sitting longer, and 1 in 5 had price cuts in May.
Source: Realtor.com

2. Buyers Gain the Upper Hand – 34% More Sellers Than Buyers
Redfin reports a record-breaking imbalance — 34% more sellers than buyers, with prices projected to drop 1% by year-end.
Source: Business Insider

3. Zillow Bans Compass Pocket Listings
Zillow is banning Compass listings that aren't in the MLS, stirring major controversy over pocket listings.
Source: San Francisco Chronicle

4. AI Tools Are Changing Home Search

  • Airea helps match buyers with off-market homes using predictive AI.
    Source: Reuters
     
  • Afordal (concept) is an AI tool that shows homes buyers can realistically afford based on full financials.
    (Tool not yet launched publicly; conceptual coverage only.)
     

5. WA Rent Cap Now in Effect
Washington enacted a rent cap: 7% + inflation or a 10% maximum through 2025.
Source: Axios – Seattle

6. “Year of Housing 2.0” Passes in Washington
State lawmakers passed major housing legislation: lot splitting, ADU expansion, permit streamlining, and condo reform.
Source: The Olympian

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What's My Home Worth?

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Want to see what's on the market near you? Check out my free home search!

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Lewis and Thurston County Stats

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Bryan Castro Beekeep Realtor #24031540

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