Lake Forest Park – Sheridan Beach real estate seeing some positive signs
This Week:
The median List prices for the Lake Forest Park/Sheridan Beach area is $370,000 up from from last week’s $369,950. Inventory has been lightening lately and the Market Action Index (see below MAI chart) 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
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s Market (where significant demand leaves little inventory available) 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.
Is it the right time to sell your Lake Forest Park Sheridan Beach home?
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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 25% down from the last week’s 27%
Average days-on-market (DOM) 73 days down from the previous week’s 77 days.
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