July’s inventory levels are a little higher than June which is common this time of year here in AZ however they aren’t much higher. We are still at less than 3 months inventory Valley-wide and that’s a healthy sellers market. Good news coming out of the mortgage industry for conventional home buyers. If your Debt To Income levels have been keeping you from qualifying then it’s time to try again.
Saving money is a great reason to be grateful, especially in real estate here in AZ. Our inventory levels are up and our rates are down which basically equals extra savings for buyers!
Inventory numbers trickled up ever so slightly in August but we don’t see that lasting long. With rates this low, inventory levels this low, and lots of buyers in the marketplace, we should experience a healthy selling season this fall. Sellers, you should list before October to hit the best selling season! Call 480.250.0023 for a price quote.
