Laurelhurst-Windermere’s real estate prices making a late season surge
The median list price this week for the Laurelhurst-Windermere area is up $1,384,750 from last week’s $1,305,000. Inventory has been decreasing lately and the Market Action Index (MAI see below chart) is falling also. With days-on-market is climbing, these are relatively negative implications for the market.
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 trends for the Laurelhurst-Windermere area continues their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
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,