Lake Forest Park – Sheridan Beach’s real estate market remains flat

                                            Lake Forest Park – Sheridan Beach’s real estate market remains flat

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $524,999 down slightly from last week’s  $525,000.  With inventory and days-on-market basically unchanged and The Market Action Index  (see below  MAI chart) increasing, the market is not sending strong directional signal for the near-term outlook.

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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 in the MAI.  If the market heats up, prices are likely to resume an upward climb. . ……Get the full report.

Price

In the last few weeks we’ve  seen prices in the Lake Forest Park area bouncing around this plateau.  Look for a persistent down-sift in the Market Action Index before we see prices deviate from these levels.

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.