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.
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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