The median list price in KENMORE, WA 98028 this week is $399,995. The 126 properties have been on the market for an average of 125 days.
Closed sales in Kenmore-North Juanita Area
Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing. Over 30 are considered a sellers zone.
Market Action Index per Quartile
Not surprisingly, all quartiles are in the Buyer’s Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
Market Action Index per Quartile
Not surprisingly, all quartiles are in the Buyer’s Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
The chart below shows the last sellers market in Kenmore was July 2007. With current distressed properties being sold we are starting to brief signs of all price ranges starting to move slight toward a sellers market. If inventory levels continue to go down we may see this trend upward trend tipping slightly towards a sellers market.
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