Bothell: Queenborough's real estate marketing lightening
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $544,950 is down from last week's $559,900. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
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
In the last few weeks we've seen prices 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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