Recent buyer demand in Duvall should stabilize real estate market
The median list price in Duvall, WA this week is $389,950 is down from last week’s $399,950. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index (MAI see chart below) implies some increased demand will temper the negative trends.
Supply and Demand
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Price
Again this week the Duvall real estate market sees a downward notch in prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Duvall currently has a 40 homes for sale , up from last weeks 24, starting at $179,950 for a small cottage (fixer) on 6 acres, to $1,895.000 20 acre estate with views of Mount Rainier. All located within popular Duvall School District.
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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.
Related posts:
- Duvall’s housing market showing signs of increasing buyer demand (28.6)
- Blip not bust in Duvall’s real estate market (22.8)
- Duvall’s real estate market remains positive (22)
- Home Buyer’s in Duvall chewing through excess listing inventory (20.9)
- Duvall’s real estate inventory shrinking demand falling (20.4)
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