Haller Lake’s real estate market showing signs of weakening

   Haller Lake’s real estate market showing signs of weakening

This week:  The Haller Lake real estate median list price this week is $379,000 is down from last week’s $381,950.  The Market Action Index (see below MAI chart) has been trending down lately, while inventory and days-on-market are climbing.  The trends imply a weakening market. 

The Haller Lake real estate market has started cooling and prices have recently plateaued.  Since we’re in the Seller’s zone, watch for changes in the MAI.  If the MAI resumes it’s 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

While the median price in the Haller Lake area hasn’t moved much in the last few weeks, we are relatively close to the market’s high water mark.  Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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.