Haller Lake’s real estate market remains near high-water mark
The median list price this week for Haller Lake real estate is $399,950 is unchanged from last week’s $399,950. Inventory has been tightening and days-on-market increasing recently. The Market Action Index (see below MAI chart) has been basically flat, not providing strong indication for market conditions.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in therms of sales to inventory. However, inventory is sufficiently low to keep us in in the /Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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 persistent downward 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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