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January 2019 Lake Havasu Market Report
A winter chill has settled into the Havasu real estate market. But that's typical this time of year. Sales took a serious downturn from this time last year. However, inventory and prices experienced a slight increase, according to the January 2019 Lake Havasu market report. Could this be good news for buyers?
January 2019 Lake Havasu Market ReportLake Havasu Market Report - January 2019 SalesAccording to statistics gathered by Flex MLS, sales dropped off dramatically from this time last year. While 201 Havasu homes were sold in January 2018, Flex MLS only showed 131 total sold in January 2019. That's a 34.8% reduction. Pending sales also experienced a downturn, with 202 recorded for last month (a 21.4% decrease from last January).
Lake Havasu Market Report - January 2019 PricesEven with lower sales, prices still reported a slight uptick. The median sale price for a Lake Havasu home in January 2019 was $230,000, a 2.22% increase from the $225,000 of January 2018. While this marks a huge drop from the $274,950 median sale price shown in December 2018, that's typical for this time of year. If past market trends hold true for this year, we should see prices begin to creep up again from ... more
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