We’ve had a few monsoons lately here in Havasu – this picture was from a few years back but we really enjoy the light shows when we can get them!
Below is a quick recap of the last three months of market activity…
Overall, the Havasu market is showing signs of a shift where desirable properties are selling quickly, sometimes even before they officially hit the market, while others remain on longer if priced incorrectly.
The decrease in inventory and the slight increase in median days on market suggest that properly priced homes continue to move quickly, but those with higher or less competitive pricing are taking longer to sell.
Median Days on Market
(+11.3% in last three months)
May 2024 = 62 days
June 2024 = 63 days
July 2024 = 69 days
Median List Price
(-.07% in last three months)
May 2024 = $635,035
June 2024 = $637,958
July 2024 = $634,611
Inventory
(-2.3% in last three months)
May 2024 = 389 units
June 2024 = 387 units
July 2024 = 380 units
Whether you are a buyer or a seller, we can help you with the best strategy to take advantage of the current market conditions.
Fed keeps rates steady, possible cuts in September
In the latest Federal Reserve meeting, the Fed decided to keep interest rates steady for the eighth consecutive meeting. Powell hinted that the Fed could cut rates ‘as soon as’ September if inflation, job market keep cooling.
We’re Troy and Michelle Wixom, proud owners of Havasu Life Properties and we would be honored to represent you on your next sale or purchase.
We’re independently owned, honest and have over 20 years of experience.
Please reach out to us for a no obligation free home evaluation and we will develop a strategic plan to maximize your property’s value and achieve a successful sale.
