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Lake Havasu Market Report for June 2019
We just celebrated Independence Day last week. Can you believe it? We're more than halfway through the year already! During the first half of the year, local home sales underperformed compared to the same time last year. Prices, however, continue to rise, according to the June 2019 Lake Havasu Market Report. Even though inventory increased from last June, it's steadily decreased over the last five months. How will this affect buyers?
June 2019 Lake Havasu Market ReportLake Havasu Market Report - June 2019 SalesHavasu's Multiple Listing Service, Flex MLS, reported a total of 192 single-family homes were sold in Lake Havasu City during June 2019. That marked a 13.1% drop from last June's 221 total sales. It's also 25% less than the 256 sold in May 2019. At midpoint for the year, total sales so far come in at 1214, a 10.8% decrease from this time last year. Pending sales, on the other hand, rose 5.6% from last year, with 207 shown pending in June 2019.
Lake Havasu Market Report - June 2019 PricesUnlike sales, year-over-year prices continue to march upward. In June 2018, the median sale price was $259,500. Last month, that rose 3.64% to $268,950. That's slightly less than the $270,000 ... more

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