We are down almost an entire months inventory since this time last year. Many sellers are seeing multiple offers and prices are rising. If you’re buying and you’re tired of the bidding wars, give us a call. We have a few tricks up our sleeve. Thinking of selling? You should be on the market now. 480-250-0023
April’s numbers roll in, we are seeing even more of a dip in inventory levels and feeling a very noticeable serge in the Phoenix housing market. Interest rates still remain incredible low and most people are faced with the decision to remodel and sell (or flip it) for more profit, refinance it, or list it as is for a profit. All three of these are options in this market and many of our clients are taking advantage of them. Contact us at480.250.0023 or [email protected] for details.
Well, what have we here?? It looks like we gained 1,000 more listings this month than we gained last month and we sold 2,000 more than we sold last month. That drops our inventory levels to 3.33 months. We are on the brink of a strong sellers market if this continues. The rule of supply and demand suggests this will cause price increases. Our team has experienced a major increase in buyer activity. The summer months approaching, looming interest rate increases, and the dwindling selection (and therefore increased prices) are the driving force behind the recent buyer activity that we are experiencing. Attn BUYERS! If you wait much longer you’ll pay more for less house and will have less to choose from. Period. Sellers, as we approach our busy season, get prepared. Do not relax due to the increased market activity. It will die down in July. If you wait too long you may be picked over.
WHOA! We are down nearly an entire month’s inventory since last month. It’s happening faster this year than it did last year. What’s happening you say? The full fledged Seller’s market of course! Buyers are out in droves right now due to the changes in lending, the low interest rates, and the reasonable home prices. Good news for seller. Buyers, secure your home now while you still have a selection!
