Magnolia’s real estate market times trending lower
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Magnolia’s real estate market times trending lowerThis Week:The median list price this week in Magnolia is $948,500 down from last week’s list price of $989,000. Inventory is is lightening and the Market Action Index (see below MAI chart) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. Magnolia real estate supply and demand The 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.Average days-on-market: 64 down from last...