LFP /Sheridan Beach real estate market times trending lower
This Week:
The median List prices for the Lake Forest Park/Sheridan Beach area is $369,950 down from last week’s $374,475. Inventory is up and the Market Action Index (see below MAI chart) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Stop by next week to see how the housing market in Lake Forest Park is trending.
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Supply and Demand
Homes sales continue to outstrip supply in Lake Forest Park-Sheridan Beach and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Get the full report.
Price
We continue to see prices in the Lake Forest Park/Sheridan Beach hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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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 27% down from the last week’s 30%
Average days-on-market (DOM) 77 days down from the previous week’s 80 days.
Related posts:
- Lake Forest Park – Sheridan Beach real estate market times up slightly
- Lake Forest Park – Sheridan Beach real estate trending higher
- Lake Forest Park – Sheridan Beach real estate market: Demand falling
- Is the Lake Forest Park – Sheridan Beach real estate market flattening?
- Lake Forest Park-Sheridan Beach real estate market showing signs of weakening
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