Lake Forest Park – Sheridan Beach real estate market times up while demand is heating up

  Lake Forest Park – Sheridan Beach real estate market times up while demand is heating up

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $440,00 is down from last week’s  $424,975.  Inventory is tightening and days-on-market is falling.  The Market Action Index  (see below  MAI chart) shows demand heating up.  These are relatively bullish signs for prices.

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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. ……Get the full report.

  Price

While the median prices in the Lake Forest Park/Sheridan Beach hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark.   Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Is it the right time to sell your Lake Forest Park Sheridan Beach home?

Many homeowners are asking the same question, “has the value of our home increased to the point we can sell it?”  Fill out our  form  and find out for FREE.

New listing within the last 7 days

New bank owned and short sales within the last 7 days

Pending sales within the last 7 days

Upcoming open houses

Percent of properties with price decreases 24% down from the last week’s 39%

Average days-on-market (DOM) 72 days up  from the previous week’s 51 days.