Lake Forest Park – Sheridan Beach home selling time increasing
Homes that are listed and price correctly in theLake Forest Park/Sheridan Beach area are moving briskly going into winter.
The median List prices for the Lake Forest Park/Sheridan Beach area is $369,000 is down slightly from last week’s $372,474. Inventory has been tightening and days-on-market is increasing recently. The Market Action Index (MAI see below graph) has been basically flat, not providing strong indication for market conditions. Stop by next week to see how the housing market in Lake Forest Park is trending.
It will be interesting to see if the home sales trend in Lake Forest Park, which averaged 31 sales per month in 2012, will continue into 2013. Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.
Supply and Demand
Home sales in the Lake Forest Park-Sheridan Beach continues to outstrip supply 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. Get the full report.
We little price change in the Lake Forest Park/Sheridan Beach area from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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.
Percent of properties with price decreases 52% down from the last week’s 53%
Average days-on-market (DOM) 87 days up from the previous week’s 82 days.
Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.