Market times for Ballard’s real estate up, demand trending higher
This Week
The median list price this week for the Ballard area is $629,975 is down from last week’s median list price of $649,000. Inventory has been lightening lately and the Market Action Index (see below MAI chart) has been trending up. Though days-on-market is increasing, these are relatively negative implications for the market.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Price
Again this week we see prices in the Ballard area remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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:
Related posts:
- Bothell’s home prices and market times trending higher
- Snapshot: Ballard’s real estate market sees demand slipping and inventory growing
- Lake Forest Park – Sheridan Beach real estate real estate market times trending lower
- Ballard’s real estate inventory and demand falling
- Demand for Ballard’s real estate could reverse recent negative trends
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