This Week-Duvall's median list prices up slightly
The median list price in Duvall, WA this week is $359,992 up slightly from last week’s $340,950. Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
Supply and Demand
Home sales in Duvall have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s market.
Price
Prices in Duvall continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Duvall currently has a 24 homes for sale beginning in the low $125K for a bank owned mobile home on 5 acres to $739,950 for a five acre view home.
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Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood for a detailed report contact Adrian Willanger @ 206 909-7536.
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