Which direction will Duvall’s real estate market take heading into Fall?

  Which direction will Duvall’s real estate market take heading into Fall?

 The median list price in Duvall this week is $415,000 is down from  last week’s$462,475.  Demand measured by the Market Action Index(MAI see chart below) is increasing and days on market is trending downward.  Even as more properties come available, these are positive trends for the market. 

Supply and Demand

The Duvall real estate market has been cooling off consistently for several weeks, as more homes are available and demand is less.  We have begun to see prices move lower as a result.   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

Again this week we’ve seen the Duvall real estate market slip a notch.  Prices continue to pull back from the market’s highs.  The Market Action Index is a good leading indicator for the durability of this trend.

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