The 90-day Roling Average for west Queen Anne Hill-Appears to be
trending relatively stable from mid July through the first week of September 2011.
The Market Action Index (MAI) for West Queen Anne Hill represents the balance between
supply and demand using a statistical function of the current rate of sales compared to
current inventory. An MAI greater than 30 indicates a Seller’s Market, which usually
means demand is high and inventory is being quickly absorbed. MAI below 30 indicates
a Buyer’s Market, the lower the number typically causes prices to fall. The demand trend
is starting to trend up but it still has a ways to go before it turns from a buyer’s market
to a seller’s market. Low inventory levels can help expedite this change.
Days on Market-Have steadingly been coming down since March of 2011 to just under
100 days in September. Low interest rates and inventory levels declining on
West Queen Anne Hill have reduced the time on market of available homes
for sale. Generally there’s less homes on the market over Fall and Winter.
Inventory levels in West Queen Anne Hill bottomed-out in early spring and have
started trending upward until mid-August where the levels have appeared to flatted out.
The selection of homes could possible start to decrease during the Fall and Winter month
creating more competition from buyers that are still in the market.
For more information regarding the Seattle real estate market contact Adrian Willanger, Coldwell Banker
Danforth & Associates.