August: West Bellevue’s real estate market slowing
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
August: West Bellevue’s real estate market slowing This Week: The median list price this week in West Bellevue is $2,088,880 is up from last week’s $2,088,000. The Market Action Index (MAI see chart below) has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and Demand The West Bellevue real estate market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch fro a persistent up-tern in Market Action Index to signal prices rising again. Price Again this week we see a downward notch for prices in west Bellevue. We continue to pull back from...
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