Haller Lake’s real estate market taking a brief pause
The median list price this week for Haller Lake real estate is $415,000 is unchanged from last week’s $415,000. Inventory is tightening and days-on-market is falling. But demand measured by the Market Action Index (see below MAI chart) is also trending down. The market is not giving strong up or down signals from these data.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.