Haller Lake’s real estate inventory shirking demand moving higher

  Haller Lake’s real estate inventory shirking demand moving higher

The median list price this week for Haller Lake real estate  is $495,500 down from last week’s $497,725. Inventory has been  lightening lately and the Market Action Index (see below MAI chart) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market. 

Supply and Demand

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau.  We’re currently in a Seller’s market so prices will likely resume their climb should this trend persist. 

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 a persistent down-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. 

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