Real estate price up slightly in Bothell’s Brentwood -Queenborough neighborhoods
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Real estate price up slightly in Bothell’s Brentwood -Queenborough neighborhoods The median list price in Bothell’s Queenborough-Brentwood neighborhood this week is $574,000 is up from last week’s $565,000. Inventory has been decreasing lately but the Market Action Index (see MAI chart above) is falling also. With days-on-market climbing, these are relatively negative implications for the market. Supply and Demand In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Price Prices in the Queensborough-Brentwood neighborhood seem to settled around a plateau. ...
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