Days-on-market time increasing for Bothell’s Brentwood -Queenborough real estate

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

 Days-on-market time increasing for  Bothell’s Brentwood -Queenborough real estate

 

The median list price in  Bothell’s Queenborough-Brentwood neighborhood this week is $549,475 is down from last week’s $579,475.   The Market Action Index (see MAI chart above) has been trending down lately, while inventory and  days-on-market are climbing. The trends imply a weakening market.

 

Suppqueensboroughly and Demand

The market has been cooling over time and prices plateaued for a while.  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 consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Price

Prices in the  Queensborough-Brentwood neighborhood seem to 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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