Demand for Bothell’s Brentwood/Queensborough real estate picking up
The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $614,900 is up from last week’s $599,950. Inventory has been lightening lately and the Market Action Index (see above MAI chart) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
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.
We continue to see prices in the Queensborough-Brentwood neighborhood bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.