Lake Forest Park – Sheridan Beach’s real estate inventory shrinking

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $365,000  up from from last week’s  $354,950.  Inventory is up and the Market Action Index (see below  MAI chart) is trending down recently.  While days-on-market are 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

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?

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 24% down from the last week’s 25%

Average days-on-market (DOM) 48 days down from the previous week’s 61 days.