Duvall’s real estate market remains positive heading into the weeks of spring

Duvall’s real estate market remains positive heading into the weeks of spring

 The median list price in Duvall this week is $515,000 is down from last week’s $519,990.  Inventory has been lightening lately and the Market Action Index (see below MAI chart) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market. 

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

The market is hovering around this plateau.  Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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