Duvall’s real estate market loosing velocity
This week:
The median list price in Duvall, WA this week is $389,900 is down from last week’s $399,000. The Market Action Index (MAI see chart below) has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Supply and Demand
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Duvall currently has a 40 homes for sale , up from last weeks 24, starting at $179,950 for a small cottage (fixer) on 6 acres, to $1,895.000 20 acre estate with views of Mount Rainier. All located within popular Duvall School District.
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What’s my Duvall home worth?
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 properties that have sold recently in your neighborhood for a detailed report contact Adrian Willanger @ 206 909-7536. Or fill out our online form below and have a market report emailed to you.
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