Demand for Laurelhurst-Windermere showing slight signs of weakening
This Week
The median list price this week for the Laurelhurst-Windermere area is $1,255,000. The Market Action Index (MAI see below chart) has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The market appears to have begun to cool. As we’re still in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.
Price
Price trends in the Laurelhurst-Windermere area continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently. This Laurelhurst-Windermere real estate update is brought to you you by Adrian Willanger of Coldwell Banker Danforth. If you are considering selling your home I would be happy to assist you. Give me a call for a free market evaluation of your home’s value. I can be reached at 206 909-7536 or by email atAdrian@adrianwillanger.com,
Comments(1)