West Bellevue's real estate market continues getting hotter
This Week: The median list price this week in West Bellevue is $2,388,000 is unchanged from last week’s $2,388,000. IUnventory is tightening and days-on-market is falling. The Market Action Index (MAI see chart below) shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We’re currently in a Seller’s market so prices will likely resume their climb should this trend persist. (3 comments)
West Bellevue’s real estate inventory tightening The median list price in West Bellevue, WA 98004 this week is $1,224,475. Inventory is tightening and days-on-market is falling. The Market Action Index (MAI see below chart) shows demand is up. These are relatively bullish signs for real estate prices.
Supply and Demand Home sales in West Bellevue have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as (5 comments)