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List prices in West Bellevue spring higher
 


 
  List prices in West Bellevue spring higher
 
This Week:
The median list price this week in West Bellevue is $2,388,000 is up from  last week’s $2,248,000.  Demand measured by the  Market Action Index  (MAI see chart below) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market. 

 
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.  

Price
We continue to see prices in West Bellevue hovering around their high point.  Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels. 
Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a  COMPETITIVE MARKET ANALYSIS (CMA) needs to be done comparing your home with current sales.
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