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Bothell’s Brentwood -Queenborough real estate prices appear to be plateauing

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 Bothell’s Brentwood -Queenborough real estate prices appear to be plateauing

The median list price in  Bothell’s Queenborough-Brentwood neighborhood this week is $577,00 up from last week’s $524,475.   The Market Action Index (see MAI chart above) has been trending down lately, while inventory is climbing.  These trends imply a weakening market.

 

Suppqueensboroughly and Demand

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Price

Prices in the Queensborough-Brentwood neigborhood seem to have settled around a plateau.   Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

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