Duvall’s real estate demand showing signs of lightening
This week:
The median list price in Duvall, WA this week is $412,900 is up from last week’s $402,450. Inventory has been decreasing lately but the Market Action Index (MAI see chart below) is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
Home sales in Duvall continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Price
The market seems to have paused around this plateau. The Market Action Index is a goo leading indicator for the durability of this trend.
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