Tue Feb 18 2020
This week the median list price for Medina, WA is $5,884,000 with the market action index hovering around 25. This is less than last month's market action index of 30. Inventory has held steady at or around 16.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$5,884,000|
|Per Square Foot||$1,005|
|Days on Market||200|
|Slight Buyer's Advantage|
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$18,950,000||7,885||1 - 2.5 acres||4||4||28||0||0||322|
|$6,749,999||6,894||0.5 - 1 acre||6||6||7||1||0||218|
|$4,999,400||5,523||0.25 - 0.5 acre||5||5||5||0||0||101|
|$2,695,000||3,155||0.5 - 1 acre||4||3||56||1||1||155|