Juanita-Holmes Point’s real estate inventory and days-on-market increasing
This Week
The median list price this week for the Kirkland-Juanita area is $499,918 is down from last week’s $509,000. 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
In the last few weeks, the Juanita-Holmes Point market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for a persistent up-turn in Market Action to signal prices rising again.
Price
Again this week in the Juanita – Holmes Point we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices. area we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
This Juanita 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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