Haller Lake’s real estate market showing some negative signs
The median list price this week for Haller Lake real estate is $507,475 up from last week’s $501,975. Inventory has been decreasing lately but the Market Action Index (see below MAI chart) if falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Price
Prices in the Haller Lake area hit another all time high this week. You can see prices in the Haller Lake area continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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)