Laurelhurst-Windermere’s real estate inventory and days-on-market both climbing
This week:
The median list price this week for the Laurelhurst-Windermere area is $1,227,500 down from last week’s $1,325,000. Inventory and days-on-market are both trending higher recently. However, the improved 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
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently 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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