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May 2019 Lake Havasu Market Report
By the looks of it, we've entered the busy season in the Havasu marketplace. The May 2019 Lake Havasu Market Report showed a considerable increase in total sales as well as pending sales from last year. Our market posted our highest numbers for both so far this year. While year-over-year sale prices rose, they stayed nearly even with April's prices. Inventory remains at just over four months. Meanwhile, active listings are on the rise.
May 2019 Lake Havasu Market ReportLake Havasu Market Report - May 2019 SalesAccording to Flex MLS, a total of 256 homes were sold in Lake Havasu City last month. That's the highest monthly total so far this year. It also marks a 7.6% increase from May 2018's total sales of 238. Pending sales rose by 11.5% from last year, with 243 reported last month.
Lake Havasu Market Report - May 2019 PricesSale prices continue their march upward. The average sale price for a Lake Havasu home rose 8.43% from last year. In May 2018, buyers paid a median sale price of $249,000. However, last month, they paid $270,000. Even so, that's not the highest median sale price this year. In March, buyers paid a median sale price of $279,000. ... more
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