Demand spiking for Bothell’s Brentwood -Queenborough real estate
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $549,950 is down from last week’s $589,950. Inventory is tightening and days-on-market is falling. The Market Action Index (see MAI chart above) shows demand heating up. These are relatively bullish signs for prices.
Supp
ly 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 Queensborough-Brentwood neighborhood bounce around this plateau. look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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