Brentwood/Queensbourough’s real estate market showing increased buyer demand
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $579,000 is up from last week’s $574,900. Inventory has been tightening lately and the Market Action Index (see MAI chart above) has been trending up. Through days-on-market is increasing, these are mildly positive indications for the market.
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.