Lewis & Thurston County Monthly Market Update

---

• 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.

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