Haller Lake’s real estate marketing showing some positive signs

Haller Lake’s real estate marketing showing some positive signs

This week: 

The median list price this week for Haller Lake real estate  is $384,000 is up slightly from last week’s $378,000.  Inventory has been lightening and the  Market Action Index (see below MAI chart) has been trending up.  These are mildly positive indications for the market. 

Supply and Demand

The Haller Lake real estate market has been cooling over time and prices plateaued for a  while.   Despite the consistent decrease in Market Action Index, we’re still in a Seller’s zone.  If the MAI resumes it’s climb, prices will likely follow suit.  If the MAI drops consistently or  falls into the Buyer’s zone, watch for downward pressure on prices. 

                                               Price

Prices in the  Haller Lake area seem  to have settled around a plateau.   Look for a persistent down-shift in the Market Action Index into the Buyer’s zone as a leading indicator of the prices to deviate from these levels.

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 and receive complementary  market analysis .