Haller Lake’s real estate inventory and days-on-market both climbing
The median list price this week for Haller Lake real estate is $464,475 up from last week’s $449,000. 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.
Supply and Demand
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in 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
We continue to see prices in the Haller Lake area bounce around this plateau. 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
Comments(0)