Bothell’s Brentwood -Queenborough neighborhoods real estate market remains steady
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $575,000 is down from last week’s $579,950. Inventory has been lightening lately but the Market Action Index (see MAI chart above) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supp
ly and Demand
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Price
We continue to see prices in the Queensborough-Brentwood neighborhood bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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