Lake Forest Park-Sheridan real estate is tempered by buyer demand

   
Lake Forest Park-Sheridan real estate is tempered by buyer demand 

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $375,000  is up slightly  from  last week’s $372,450.  Inventory and days-on-market are both trending up recently.  However, the improving  Market Action Index (MAI see below graph) implies some increased demand will temper the negative trends.   Stop by  next week to see how the housing market in Lake Forest Park is trending.

The Lake Forest Park/Sheridan Beach  area registered 36 closed sales in March 2013  compared  27 for the same month a year earlier.  It will be interesting to see if the home sales trend in Lake Forest Park, which averaged 31 sales per month in 2012, will continue into 2013. Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.
Supply and Demand 


The Lake Forest Park-Sheridan Beach real estate market in the last few weeks has achieved relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up, prices are likely to resume an upward climb.    Get the full report. 
Price

The market in  Lake Forest Park/Sheridan Beach area saw relatively little price change from last week.  However, we continue to demonstrate a nice up trend in general over the last several weeks.Is it the right time to sell your Lake Forest Park Sheridan Beach home?Many homeowners are asking the same question, “has the value of our home increased to the point we can sell it?”  Fill out our  form  and find out for FREE.New listing within the last 7 daysNew bank owned and short sales within the last 7 daysPending sales within the last 7 days Upcoming open housesPercent of properties with price decreases 21% up 1%Average days on market (DOM) 94 up from 80