The last seven days we have seen the inventory levels in Duvall start to trend downward. We’ll have to see if this trend continues into late summer. The average days on the market has continued its upward trend starting in March of 2012 and continuing into early July where the average days on the market for homes is about 150 days.
The median price per sq.ft. for Duvall came off a 3 year low in March of 2012 and increased for steadily for 3 ½ months until prices met a bit of residence around the $147 a foot range in early July where they just started to head back upward about the 12th of July.
Another good indicator is the MAI index which has moved from 10 in June to 22 in mid-March, when this number gets over 30 it becomes a sellers’ market.