Demand for Haller Lake real estate increasing

   Demand for Haller Lake real estate increasing

This week: 

The Haller Lake real estate median list price this week is $379,000  is up slightly from last week’s median  list price of $359,950.  Demand measured by  the  Market Action Index (MAI see chart below) is increasing and days-n-market is trending downward.   Even as more properties come available, these are positive trends for the market.  

Supply and Demand

In the last few weeks the  Haller Lake real estate market has  been cooling over time and prices have recently flattened.  Despite the consistent decrease in the Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available).  If the MAI begins to climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 

Price

We continue to see prices in the  Haller Lake area hovering around their current high point.  Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.  Haller Lake homes for sale, lifestyle search and real estate trends.

Is it a good time to sell your Haller Lake Home? Record  low inventory levels combined with current low interest rates are bring buyers out driving homes sales that are outpacing inventory.  Homeowners in the Haller Lake neighborhood  that have been thinking about selling this might be time to pull the trigger.   Receive a custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market. This guarantees you receive the most accurate information available. To find out what your home is worth, fill out the my online form and receive complementary  market analysis .