Haller Lake’s real estate inventory starting to lighten

 Haller Lake’s real estate inventory starting to lighten

The median list price this week for Haller Lake real estate  is $501,975 up from last week’s $486,975. Inventory has been lightening lately and the Market Action Index (see below MAI chart) has been trending down up.  Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

Market conditions have been consistently cooling in the past several weeks.  Because we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer’s zone.

Price

You can see prices in the Haller Lake area marching upward and that we’re getting close to the market’s all time high.  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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