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Ballard’s real estate median list prices up demand falling

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Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

                                                   Ballard’s real estate median list prices up demand falling 

This Week

The median list price this week for the Ballard area is $669,000  is up from last week’s  $648,975.  The Market Action Index (MAI see below chart) has been trending down lately, while  days-on-market are climbing, providing mostly bearish signs for the market.  

 

Supply and Demand

Market conditions have been consistently cooling in the past several weeks.  Because we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer’s zone. 

 

Price

Price trends in the Ballard area continued their recent uptrend this week.   While still below the market’s high point, we’ve seen a nice run recently.

This Ballard 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 at Adrian@adrianwillanger.com

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

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