Juanita home prices on the rise, but for how long
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Juanita home prices on the rise, but for how long This Week The median list price this week for the Kirkland-Juanita area is $630,000 up from last week’s $585,000. The Market Action Index (MAI see below chart) has been trending down lately and days-on-market are climbing. The trend imply a weakening market. Supply an Demand The Juanita real estate market has been cooling over time and prices have recently flattened. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in the 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. Price In the last fe...
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