Outlook  for northwest Seattle’s real estate market goes from bearish to neutral  This Week:  The median list price in northwest Seattle is $789,950 down from last week’s $799,950. Even though days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. Average days-on-market (82 days)  up  from last week’s (80 days), asking price per square foot $312, median house size 2910 (sq ft).  Supply and Demand The market has been cooling off a bit in recent weeks, as more homes are available and demand is less.  We’re already seeing prices move lower as a result.  Expect this trend to continue especially if the index falls to the Buyer’s zone.  Watch for a persistent up-turn in the Market Action Index to signal prices r... 08/18/2015

  Northwest Seattle real estate: Accurate pricing remains key   This Week: The median list price in Northwest Seattle is $675,000  is up  from last week’s $655,000.  Inventory has been decreasing  lately but the Market Action Index (MAI see chart below)  is falling also.  With days-on-market climbing, these are relatively negative implications for the market.   Supply and Demand Home sales in  Northwest Seattle 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. Percent of properties with price decreases: 48% up from last week’s 43%.  Average days-on-market 127 is up from last week’s 114 days. Price We continue to see prices in the Nor... 10/23/2013

    Northwest Seattle’s real estate market – if not ready to buy get out of the way This Week: The median list price in Northwest Seattle is $650,000  is unchanged  from last week’s $650,000.  Inventory has been lightening  lately and the  Market Action Index (MAI see chart below)  has been trending up.  Though days-on-market (DOM) is increasing, these are mildly positive indications for the market.   Home sales in  Northwest Seattle 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. Percent of properties with price decreases: 32% up from last week’s 28%.  Average days-on-market 114 unchanged from last week’s.     Price We continue to s... 09/19/2013