Demand for Laurelhurst-Windermere’s real estate slumping
This week:
The median list price this week for the Laurelhurst-Windermere area is $807,500 down from last week’s $1,006,940. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index (MAI see below chart) is also trending down. The market is not giving strong up or down signals from these data.
Is it a good time to sell my home?
Inventory levels in northeast Seattle at or near all time lows. The key to maximizing your listing price is in the preparation and pricing. For listing tips click here.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Price
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
If you are considering selling your home I would be happy to assist you. Give me a call for a free market evaluation of your home’s value. I can be reached at 206 909-7536 or by email at Adrian@adrianwillanger.com,
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