Bothell’s Brentwood -Queenborough real estate inventory decreasing

                                        Bothell’s Brentwood -Queenborough real estate inventory decreasing 

The median list price in  Bothell’s Queenborough-Brentwood neighborhood this week is $577,000 is up from last week’s $549,950.   Inventory has been decreasing lately but the  Market Action Index (see MAI chart above) is falling also.  With days-on-market climbing, these are relatively negative implications for the market.

Supply 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