Neutral short term outlook for Lake Forest Park – Sheridan Beach’s real estate market
This Week:
The median List prices for the Lake Forest Park/Sheridan Beach area is $549,475 up from last week’s $449,000. With inventory trending up but days-on-market trending down and the Market Action Index (see below MAI chart) essentially flat recently, conditions do not seem to have strong up or down pull.
Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.
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
We continue to see prices in the Lake Forest Park area bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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
Percent of properties with price decreases 21% down from the last week’s 25%
Average days-on-market (DOM) 20 days down from the previous week’s 31 days.
Comments(1)