Lake Forest Park – Sheridan Beach real estate demand remains high
This Week:
Homes that are listed and price correctly in theLake Forest Park/Sheridan Beach area are moving heading into the new year.
The median List prices for the Lake Forest Park/Sheridan Beach area is $374,475 (see below graph) has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market. Stop by next week to see how the housing market in Lake Forest Park is trending.
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Supply and Demand
Homes sales continue to outstrip supply in Lake Forest Park-Sheridan Beach 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. Get the full report.
Price
In the last few week’s we’ve seen little price change in the Lake Forest Park/Sheridan Beach real estate. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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.
New listing within the last 7 days
New bank owned and short sales within the last 7 days
Pending sales within the last 7 days Upcoming open houses
Percent of properties with price decreases 30% down from the last week’s 40%
Average days-on-market (DOM) 80 days down from the previous week’s 90 days.
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