Redmond’s Microsoft real estate market remains strong

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

Grass Lawn logo 

                      Redmond’s Microsoft real estate market remains strong

This Week:

The median list price this week in Redmond is $775,000 is up slightly from  last week’s.  $744,900.  Inventory is up and the Market Action Index  (MAI see chart below) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

 

SUPPLY AND DEMAND

Home sales continue t 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 Microsoft area of Redmond 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. move from these levels.

Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a  COMPETITIVE MARKET ANALYSIS (CMA) needs to be done comparing your home with current sal

Posted by

 

;

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

Comments (0)