Bothell’s Queenborough real estate prices up slightly
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $559,900 is up from last week's $556,450. Inventory is up and the Market Action Index is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supp
ly and Demand
The market has started cooling and prices have been flat for several weeks. Since we're in the Seller's zone, watch for changes in the MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
Price
We continue to see prices in this in the Queensborough-Brentwood neighborhood bounce around this plateau. Look for a persitent down-shift in the Market Action Index before we see prices deviate from these levels.
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