Duvall's real estate market showing small signs of cooling
The median list price in Duvall, WA this week is $354,992 down slightly from last week’s $355,992. The Market Action Index (MAI) has been trending down lately, while inventory and days-on-market are increasing. The trends imply a weakening market.
Supply and Demand
In terms of supply and demand, the Duvall real estate market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger homes) of homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and newer than they have been in the past.
Price
Despite this week’s down tic, price trends in Duvall have generally been moving up lately. Prices are below the market’s high point, and so watch the Market Action Index as an indicator of how long this trend will last.
Duvall currently has a 23 homes for sale starting at $179,950 for a fixer cottage on 6+ acres to $675,000 for a five acre quiet wilderness estate.
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Looking to purchase a home in Duvall?
Looking to buy check out our new homes and lifestyle search tool. Search homes for sale, neighborhood amenities and view real estate trends in and around Duvall. For more individualized information contact Adrian Willanger.
What’s my Duvall home worth?
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. Or fill out our online form below and have a market report emailed to you.
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