The median List prices for the Lake Forest Park/Sheridan Beach area is $422,000 is unchanged from from last week’s $422,000. 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. Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.
Supply and Demand The real estate market appears to have begun to cool. As we’re in still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.. . Get the full report.
Price While this week the price in the area didn’t move much, we continue to see prices in the Lake Forest Park/Sheridan Beach hovering around their high point. Watch for persistent downward-shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding. 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 31% down from the last week’s 41% Average days-on-market (DOM) 58 days down from the previous week’s 43 days.