Buyer demand fueling Laurelhurst-Windermere’s real estate market
This week:
The median list price this week for the Laurelhurst-Windermere area is $1,350,000 up from last week’s $940,000. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index (MAI see below chart) implies some increased demand will temper the negative trends.
Is it a good time to sell my home?
Inventory levels in northeast Seattle at or near all time lows. The key to maximizing your listing price is in the preparation and pricing. For listing tips click here.
Supply and Demand
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Price
The market for the Laurelhurst-Windermere area continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
If you are considering selling your home I would be happy to assist you. Give me a call for a free market evaluation of your home’s value. I can be reached at 206 909-7536 or by email at Adrian@adrianwillanger.com,
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