Real estate inventory continues to lighten in the Bothell area

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

   Real estate inventory continues to lighten in the Bothell area

This Week:

The median list price in  Bothell  this week is $562,525  up from last week’s median  list price of $546,850. Inventory has been lightening lately and the Market Action Index (MAI see below chart) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market.

Average days-on-market: 79 days up  from last week’s 67 days.

Percent of properties with price decreases: 26% down from last week’s 29%

Localized real estate market reports are great for getting a “feel” of what that specific market is doing.  For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.

 

 

Supply and Demand

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

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  Price

Prices appear to be hovering around their high-point.   Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

 

 

 

Real Estate Market Chart by Altos Research www.altosresearch.com

Comparing Bothell’s median list and Inventory to neighboring Kirkland

 

Bothell home and lifestyle Search

 

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

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Real Estate Market Trends
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Washington King County Bothell
Tags:
homes for sale in bothell
bothell real estate agent
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bothell real estate trends

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