Mixed signals for northwest Seattle’s real estate market
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Mixed signals for northwest Seattle’s real estate market This Week: The median list price in northwest Seattle is $762,500 up from last week’s $740,000. Inventory has been decreasing lately but the Market Action Index (see below MAI chart) is falling also. With days -on-market climbing, these are relatively negative implications for the market. Average days-on-market (111 days) up from last week’s (98 days), asking price per square foot $304, median house size 2910 (sq ft). Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Price Again this week we see prices in northwest Seattle remain roughly...
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