Bothell’s real estate markets has legs heading into July

   Bothell’s real estate markets has legs heading  into July

This Week: The median list price in Bothell  this week is $499,950,  is up from May 20′s median  list price of $499,962.   Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive.

Average days-on-market: 65 days up from last May’s 64 days. Percent of properties with price decreases: 21% is down  from last week’s 25%

Localized real estate market reports are great for getting a “feel” of what that specific market is doing.  For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.

Supply and Demand

Home sales in the Bothell in the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s zone so watch changes in the MAI.  If the market heats up, prices are likely to resume an upward climb. 

  Price

The  Bothell real estate market appears to be hovering around this plateau.  Look for a persistent change in the Market Action Index before we see prices deviate from these levels.  Sign up to have FREE WEEKLY UPDATES on the latest Bothell real estate market trends e-mailed to you weekly. 

Comparing Bothell’s median list and Inventory to neighboring Kirkland