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Where Did All the Houses Go? Monthly Market Update April 2015

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.

The Seller’s market is COMING!!

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!

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Time keeps on ticking, ticking, ticking…

With the mortgage interest rates as low as they are, the changes that the mortgage industry just announced (money savings for borrowers), and inventory levels that are at the highest they have been since  this time last year, it’s now time to buy.  If you are a buyer, don’t wait until our traditional busy season.  If you start now, you’ll be loving life in your new living room while the “late to the party” buyers are out scrambling for homes and out bidding each other.  It happens nearly every year.  Be ready for it this year!   And Sellers, don’t think your home is going to sit on the market just because inventory levels are a little high…they always are this time of year.  The buyers are out there NOW buying up the inventory.  As long as you are properly priced for your condition, you’ll get activity in this market!  Call or text 480.250.0023 with any market condition questions.

New Year Brings New Rules

Lower levels of inventory and low interest rates means the buyers that are out there are salivating for that perfect opportunity.  For sellers looking to sell, as long as you are priced correctly you should have more than enough buyers willing to place offers when you first hit the market.  For buyers looking to buy, make sure to double check with us regarding your loan program ASAP. January has brought about changes that may affect you.

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