Bothell’s Brentwood/Queensborough real estate market is displaying some strong buyer demand
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $589,990 is up from last week’s $579,475. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
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.