Bothell’s Brentwood -Queenborough real estate prices appear to be plateauing
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Bothell’s Brentwood -Queenborough real estate prices appear to be plateauingThe median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $577,00 up from last week’s $524,475. The Market Action Index (see MAI chart above) has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and DemandHome sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.PricePrices in the Queensborough-Brentwood neigborhood seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels. Related posts...