Demand falling slightly for Lake Forest Park real estate
The median list prices for the Lake Forest Park/Sheridan Beach area is $337,475 is up slightly from last week’s $329,500. The Market Action Index (MAI see below graph) has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market. Stop by next week to see how the housing market in Lake Forest Park is shaping up.
The Lake Forest Park/Sheridan Beach area registered 36 closed sales in March 2013 compared 27 for the same month a year earlier. It will be interesting to see if the home sales trend in Lake Forest Park, which averaged 31 sales per month in 2012, will continue into 2013.
Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.
Supply and Demand
The Market Action Index for Lake Forest Park-Sheridan Beach has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Price
We continue to see prices in the Lake Forest Park/Sheridan Beach area hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Is it the right time to sell your Lake Forest Park Sheridan Beach home?
Many homeowners are asking the same question, “has the value of our home increased to the point we can sell it?” Fill out our form and find out for FREE.
Related posts:
- Real estate demand increasing in Lake Forest Park/Sheridan Beach (33.5)
- Lake Forest Park-Sheridan Beach housing demand slows slightly (33.4)
- Home buying demand increasing in Lake Forest Park/Sheridan Beach (30.7)
- Lake Forest Park-Sheridan Beach real estate trends (28.8)
- Lake Forest Park-Sheridan Beach real estate median list prices UP slightly (28)
Comments(3)