We can feel the shift…properties are taking less and less time to sell. February inventory levels are reporting at just about 5 mos which pushes us just over the threshold and into a BUYERS market. The deals aren’t getting any better than this folks. Now is the time. Plus, who wants to move during the summer??
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What, what, WHAT?!! Up MORE than a month’s inventory since last month? Do not fret, Real Estate buyers and sellers, because that’s what normally happens throughout the holiday season it just came a little late this year. No, you aren’t going to have trouble selling your home this winter / spring but you might feel a little “rushed” if you are planning to buy but you are waiting until this summer. We’re feeling the “buying rush” tremors already.
PS…have you ever moved in the summer in Phoenix? It’s a bit warm. Just a thought…
Inventory is down and close to the three month mark which means we are still in a sellers market (anything under 4 is considered a sellers market). We expect buyer activity to increase throughout 2016 which means values will continue to rise for sellers. 2016 should be a great year in real estate.
A huge congratulations to our new client who has picked one of the best places in the valley to live for her very first home. Welcome to Arcadia!
