Bothell’s Brentwood -Queenborough real estate market dipping
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Bothell’s Brentwood -Queenborough real estate market dipping The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $541,975 is down from last week’s $556,450. The Market Action Index (see MAI chart above) has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Supply and Demand The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Price In the last few weeks we’ve seen prices in the Queensborough-Brentwood neighborhood bounce around this plateau. Lo...