West Bellevue’s real estate market showing some signs of weakening
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
West Bellevue’s real estate market showing some signs of weakening This Week: The median list price this week in West Bellevue is $1,988,000 is down from last week’s $1,998,995. Inventory has been decreasing lately but the Market Action Index (MAI see chart below) is falling also. With days-on-market climbing these are relatively negative implications for the market. Supply and Demand While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We’re currently in a Seller’s market so prices will likely resume their climb should this trend persist. Price We continue to see prices in west Bellevue bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move form...
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