Lake Havasu City's real estate market is seeing robust growth, with a significant rise in pending home sales and a bright forecast. Despite higher interest rates, the market remains strong, with stable prices and expectations of increased sales and property value appreciation.
HavasuLew City: Lake Havasu City Address: 375 Lake Havasu Ave S Website: https://www.homesearchlakehavasu.com Phone: +1 928 846 6474 Email: lew@homesearchlakehavasu.comTag Cloud
Lake Havasu Real Estate: 2024
Trends, Rates & Seasonal Surge
Update
Lake Havasu City Real Estate: Navigating Rising Rates & Seasonal
Trends, Showing Growth into Spring 2024. A Market Full of Vitality &
Promise as Buyers and Sellers Prepare.
Lake Havasu City Market
Overview: Active Listings at
685, With 321 New Entries,
Indicating a Tighter Inventory
and a Competitive Environment
for Single-Family Homes.
The average list price for
active listings stood at
$608,296, while new listings
were slightly lower at
$573,716, indicating a
competitive market for
newcomers.
The market's absorption
rate at 4.32 months,
alongside a list price to sell
price ratio of 97.4%,
underscores the strong
demand for homes in Lake
Havasu City.
Homes spent an
average of 52.9
days on the market,
suggesting a brisk
pace for
transactions.
Anticipating a 13% increase in existing home sales and a modest
1.4% rise in median home prices, the real estate market is set for
sustainable growth.
Navigating the Market For potential Lake Havasu City home buyers and
sellers, the current market conditions present unique opportunities and
challenges.
Find Out More At
www.HavasuLew.com
Trends, Rates & Seasonal Surge
Update
Lake Havasu City Real Estate: Navigating Rising Rates & Seasonal
Trends, Showing Growth into Spring 2024. A Market Full of Vitality &
Promise as Buyers and Sellers Prepare.
Lake Havasu City Market
Overview: Active Listings at
685, With 321 New Entries,
Indicating a Tighter Inventory
and a Competitive Environment
for Single-Family Homes.
The average list price for
active listings stood at
$608,296, while new listings
were slightly lower at
$573,716, indicating a
competitive market for
newcomers.
The market's absorption
rate at 4.32 months,
alongside a list price to sell
price ratio of 97.4%,
underscores the strong
demand for homes in Lake
Havasu City.
Homes spent an
average of 52.9
days on the market,
suggesting a brisk
pace for
transactions.
Anticipating a 13% increase in existing home sales and a modest
1.4% rise in median home prices, the real estate market is set for
sustainable growth.
Navigating the Market For potential Lake Havasu City home buyers and
sellers, the current market conditions present unique opportunities and
challenges.
Find Out More At
www.HavasuLew.com