Duvall’s real estate market post Christmas
12/26/2012
The median list price in Duvall, WA this week is $334,998 up slightly from last week’s $334,500. Available homes for sale in Duvall has been decreasing lately but the Market Action Index has been falling also. With the days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to to demand however, it is likely that we will see downward pressure on pricing.
Price
The Duvall real estate market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
| Median List Price: | $332,749 | Average List Price: | $406,303 |
| Total Inventory: | 84 | Price per Square Foot: | $162 |
| Average Home Size: | 2,094 | Median Lot Size: | 20,368 |
| Average # Beds: | 3.50 | Average # Baths: | 2.54 |
| Homes Absorbed: | 7 | Newly Listed: | 3 |
| Days on Market: | 160 | Average Age: | 16 |
Related posts:
- Shoreline's closed home sales outpacing 2011 (25.5)
- 3rd QT. sales in Innis Arden, Richland Highlands, and Richmond Beach remain strong (21.8)
- Shoreline’s YTD closed home sales strong (20.9)
- Duvall real estate market showing positive signs (20.6)
- Closed sales in Lake Forest Park out pacing 2011 (20.2)
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