10/12/2026
Market Update
🏡 Is the market crashing?
Short answer: No. But the market IS changing — and that matters.
If you're a homeowner or thinking about buying, here are a few things I'm watching right now:
📈 More inventory: Lacey has about 29% more active listings than a year ago, giving buyers more choices.
⏰ Homes are taking a little longer to sell: Lacey's median days on market is now around 44 days.
💰 Prices aren't collapsing: Lacey's median sold price is about $515,000, still 3.5% higher than a year ago.
📍 Thurston County is showing a similar trend: median sold prices are up about 3.1% year-over-year, while inventory is up nearly 19%.
So what does that mean?
Buyers: You may have more negotiating power and more homes to choose from than you did a year or two ago.
Sellers: Pricing correctly from the beginning is becoming more important. The days of simply putting a house on the market and expecting multiple offers aren't guaranteed.
Homeowners: Don't let scary headlines about a "crash" make you assume your home has suddenly lost significant value. Local markets can behave very differently from national headlines.
The market isn't necessarily crashing.
It's normalizing.
And honestly, that's something both buyers AND sellers should pay attention to.
Thinking about buying or selling in the Lacey/Olympia area? I'm happy to give you an honest look at what the numbers mean for your specific situation — no pressure, no sales pitch.
— Shannon Knox
Real Estate Broker
Source: Realtor.com Economic Research, September 2026.
