Duvall’s overall market conditions are weakening a bit
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Duvall’s overall market conditions are weakening a bit The median list price in Duvall this week is $454,950 is down from last week’s$462,475. Inventory is up and the Market Action Index(MAI see chart below) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Supply and Demand The Duvall real estate market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Price Despite this week’s...
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