Lake Forest Park’s real estate market remains mildly positive

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

 

 

                                      Lake Forest Park’s real estate market remains mildly positive

 

 

   

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $499,950 is unchanged from last week’s  $499,950.  Inventory has been lightening lately and the Market  Action Index (see below MAI chart) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market.

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Supply and Demand

The market has been cooling over time and prices have recently plateaued.  Despite the consistent decrease in MAI, we're in the Seller's zone.  Watch for changes in MAI.  If the MAI resumes it's climb, prices will likely follow suit.  If the MAI drops conistently or falls into the Buyer's zone, watch for downward pressure on prices. . . . ……Get the full report. 

Price

Prices in the Lake Forest Park area 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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