Demaned for Laurelhurst & Windermere real estate demand on the upswing
This Week
The median list price this week for the Laurelhurst-Windermere area is $1,065,000 is down from last week’s $1,145,000. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index (MAI see below chart) implies some increased demand will temper the negative trends.
Supply and Demand
The market has been cooling over times and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market. If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Price
In the last few weeks we’ve seen prices in this area bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
This real estate update is brought to you you byAdrian 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,
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