Lake Forest Park – Sheridan Beach real estate starting to spark
This Week:
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 $374,950 is up slightly from last week’s $359,000. Inventory has been lightening lately but the Market Action Index (MAI see below graph) has been trending up. These are mildly positive indications for the market. Stop by next week to see how the housing market in Lake Forest Park is trending.
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Supply and Demand
The Lake Forest Park-Sheridan Beach real estate market has been consistently cooling in the past several weeks. Because we’re still in a Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of lack demand for prices to reflect and begin to fall . Expect prices to fall if the index persistently falls to the Buyer’s zone. Get the full report.
Price
We saw 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.
New listing within the last 7 days
New bank owned and short sales within the last 7 days
Pending sales within the last 7 days Upcoming open houses
Percent of properties with price decreases 40% down from the last week’s 42%
Average days-on-market (DOM) 90 days down from the previous week’s 92 days.
Related posts:
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- Lake Forest Park – Sheridan Beach real estate market: Demand falling (31.9)
- Signs of slowing for Lake Forest Park – Sheridan Beach real estate (31.9)
- Is the Lake Forest Park – Sheridan Beach real estate market flattening? (31.9)
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