Real  estate inventory and days-on-market  down in Lake Forest Park

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $424,950  is down from from last May’s  $425,000.  Inventory is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening a bit. 

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Supply and Demand

The market has not shown strong directional trends in terms of supply and demand.  However inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence. . .    Get the full report.

Price

We continue to see prices  in  the  Lake Forest Park/Sheridan Beach hit another high this week.  You can see that prices continue to march higher.  Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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 45% up from the last week’s 44%

Average days-on-market (DOM) 45 days down  from the previous week’s 47 days.

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