Bothell’s Brentwood -Queenborough real estate trends remain mildly positive

 Bothell’s Brentwood -Queenborough real estate trends remain mildly positive

The median list price in  Bothell’s Queenborough-Brentwood neighborhood this week is $565,00 down from last week’s $577,000. Demand measured by the Market Action Index (see MAI chart above) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive..

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 to the MAI.  If the market heats up, prices are likely to resume an upward climb.

Price

Prices in the Queensborough-Brentwood neigborhood seem to have settled around a plateau.   Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.