What Does The Market Have in Store for Those Who List Now

We’ve got a quick market update for you today. We’ve also got the answer to a common homeowner question.

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I’ve got a quick Phoenix real estate market update for you today, but before I get to that I wanted to answer a common question I’ve been getting recently. The question is, “Should I list my home now or wait until next year?”

My answer is that it depends on your situation. If you plan on hosting a lot during the holidays or you have a few repairs to get taken care of prior to listing, it might make sense for you to wait until next spring to sell.

On the flip side, December has been one of the busiest months of the year for our team over the last few years. We’ve been seeing more and more motivated buyers around this time of year. These buyers are writing offers as many sellers are pulling their homes off the market until spring. If you decide to list now before the end of the year, this gives you a huge advantage in the market.

We’ve been seeing more and more motivated buyers this time of year.

Speaking of the market, let’s switch gears a little bit and talk about what kind of numbers we’re seeing in Maricopa County right now. Here’s what we’re keeping an eye on:

• Closed sales are at 7,408. This is an increase of 4% from last year.
• The average sale price has increased 4% to $297,000.
• The average price per square foot of sold homes is up to $148.
• The average days on market is down from 69 to just 60 days.

We currently have 19,294 homes on the market. This gives us about 2.5 months of inventory and puts us squarely in a seller’s market.

If you have any questions for me or would like more information about what your home could be worth for in the current market, don’t hesitate to give me a call or send me an email. I would be happy to help.