Bothell’s real estate market showing signs of demand slacking
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Bothell’s real estate market showing signs of demand slacking This Week: The median list price in Bothell is $469,990 is up from last week’s median list price of $454,900. Inventory has been decreasing lately but the Market Action Index (MAI see below chart) has been falling. With days-on-market climbing, these are relatively negative implications for the Bothell real estate market. Average days-on-market: 94 days up from last week’s 91 days. Percent of properties with price decreases: 33% is down from last week’s 39% 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...
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