Laurelhurst-Windermere’s real estate market appears to be showing some weakness

                                                   Laurelhurst-Windermere’s real estate market appears to be showing some weakness

This week:

The median list price this week for the Laurelhurst-Windermere  area is $940,000 down from last week’s $975,000. The Market Action Index (MAI see below chart) has been trending down lately,  while inventory is climbing.  These trends imply a weakening market.

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                               

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less.  We’re already seeing prices move lower as a result.  Expect this trend to continue especially if the index falls to the Buyer’s zone.  Watch for a persistent up-turn in Market Action Index to signal prices rising again.

  Price

Again this week we see a downward notch for prices.  Pricing has been weak in recent weeks and versus their absolute-high level.  At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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,