Outlook for northwest Seattle’s real estate market goes from bearish to neutral
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
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...