Bothell’s Brentwood/Queensborough real estate market is heading into slow down
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Bothell’s Brentwood/Queensborough real estate market is heading into slow downThe median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $579,990 is down from last week’s $589,990. Inventory has been decreasing lately but the Market Action Index (see above MAI chart) is falling. With days-on-market climbing, these are relatively negative implications for the market. Supply and DemandThe market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.PricePrices in the Queensborough-Brentwood neig...
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