Duvall real estate not showing strong directional ups or downs
The median list price in Duvall this week is $499,000 is up from last week’s $429,450. With inventory trending up but the days-on-market and the Market Action Index (MAI see chart below) essentially flat recently, conditions do not seem to have strong up or down pull.
Supply and Demand
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 Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume and upward climb.
Price
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
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