low real estate inventory levels for the Laurelhurst-Windermere neighborhoods
This week:
The median list price this week for the Laurelhurst-Windermere area is $769,900 is unchanged from last week’s $769,900. Inventory has been lightening lately and the Market Action Index (MAI see below chart) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
In the last few weeks, the Laurelhurst-Windermere real estate market has been at a 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
We continue to see prices in the Laurelhurst-Windermere area bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
This 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 atAdrian@adrianwillanger.com
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