Prices flat for several weeks… Is the market shifting?
This week, let’s take a look at the Market Action Index…this number compares the current rate of sales vs. inventory.
It is a leading indicator of supply and demand and can indicate whether a market is heating up or cooling off.
Low 20s = Buyer’s market
30 = Balanced market
35+ = Seller’s market
45+ Strong seller’s market
Havasu’s Market Action index is currently at 36 but is pacing slightly downward from last months index of 37.
However – as you can see from the above chart, our 7 day average is around 26.
What does this mean?If you are considering selling – now might be a good time before more inventory comes to market.
You can still capitalize on getting top-dollar for your home before a stronger buyer’s market may begin to put downward pressure on pricing.
If you are looking to buy, sell or lease please let us know how we can help!
Are you interested in short-term renting your property AND listing it for sale at the same time?
Please reach out to us – our property management division is seeing a shift in the rental market and would love to discuss the best strategy for your needs!
IJSBA World Finals Pro Freestyle Expo under the London Bridge!
Saturday, October 7th, 2023 @ 6:00pm – 10:00pm
These very talented riders put on a free public exhibition and display right at the London Bridge in the Bridgewater Channel! The best of the best will be showing off their freestyle moves – this is the most watched activity during the World Finals!
