Laurelhurst-Windermere real estate demand outstripping supply
This week:
The median list price this week for the Laurelhurst-Windermere area is $829,900 is up from last week’s $769,900. Inventory is tightening and days-on-market is falling. But demand measured by the Market Action Index (MAI see below chart) is also trending down. The market is not giving strong up or down signals form theses data.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Price
We continue to see prices in the Laurelhurst-Windermere hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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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