Bothell’s Brentwood/Queensborough real estate market not sending strong near-term directional signals
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $600,000 is up from last week’s $579,990. With inventory and days-on-market basically unchanged and the Market Action Index (see above MAI chart) decreasing, the market is not sending strong directional signals for the near-term outlook.
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.