Most neutral signs for Laurelhurst-Windermere’s real estate market
This week:
The median list price this week for the Laurelhurst-Windermere area is $808,000 is up from last week’s $730,000. Even though the days-on-market is trending higher, so is the Market Action Index (MAI see below chart) at these inventory levels, providing a neutral outlook for the market.
Supply and Demand
The Laurelhurst-Windermere real estate market has been a cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for persistent up-turn in Market Action to signal prices rising again.
Price
Prices in the Laurelhurst-Windermere area have been on a downward trend, while essentially flat, doesn’t break us out of that cycle.
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 at Adrian@adrianwillanger.com.
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