Comparing Real Estate Inventory & Prices for Bothell, Lynnwood and Mill Creek

The spring market still remains sluggish for home sales in Bothell, Lynnwood and Mill Creek Wa. The amount of available homes for sale in all of these areas is at just about the lowest inventory levels in the last year.

Mill Creek has approximately 100 homes on the market, followed by Lynnwood with 448, and Bothell with 575 homes listed for sale. The median selling prices are at the lowest marks in over 3 years, both Bothell and Mill Creek, just last week, started to see signs of trending upward. The Lynnwood market has been at its bottom and has consistently remained there since March 2011. All 3 areas are either at or close to near their lowest inventory levels in the last 3 years. Bothell and Mill Creek are starting to show ever-so-slight signs of inventory levels increasing.

The days on market are another good indicator of market activity. Real estate activity in Bothell, Lynnwood and Mill Creek were seemingly all on the same cycle, market times started to increase around November 15, 2010 and then all start to trend downward around March 15, 2011. The 3 charts give us a real good overview of which way the real estate market is trending in Bothell, Lynnwood and Mill Creek, another good indicator are price adjustments.

Another key area is the shift in demand showing signs of strengthening in the move-up market. Entry level still is a sizable market, yet getting a bit more challenging with mortgage issues.

For detailed, updated information on buying or selling real estate in the Bothell, Lynnwood and Mill Creek areas contact Adrian Willanger 206 909-7536