Duvall’s real estate inventory starting to tighten
This week:
The median list price in Duvall, WA this week is $419,000 is up from last week’s$404,950. Inventory is tightening and days-on-market is falling. The Market Action Index (MAI see chart below) shows demand heating up. These are relatively bullish signs for the market.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index(see below chart) 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 Duvall real estate prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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