West Bellevue’s real estate market trends imply a weakening market
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
West Bellevue’s real estate market trends imply a weakening market This Week:The median list price this week in West Bellevue is $2,495,000 up from last week’s $2,388,000. The Market Action Index (MAI see chart below) has been trending down lately, while inventory is climbing. These trends imply a weakening market.Average days-on-market (93 days). Average price per sq ft. ($558). Supply and DemandThe market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. PricePrice trends in the Enatai area continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice...
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