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January was a really good month for home sales here in the Valley. In fact, overall sales were up about 15% over January of 2015. This month, we’re doing pretty great as well when compared to February of last year.
Overall, the supply of homes is down. If you’re in the market to buy a home under $275,000, there’s not much available. This is great news for sellers in that price range, but it makes the buying process very difficult for people looking for a home. If you’re a buyer looking for a home over $400,000, you have a lot more options.
The four biggest markets in the Valley have seen improved conditions for sellers. However, the Glendale and Peoria markets, as well as Amandale, have seen a minor slowdown for sellers. We think this is just due to it being early in the year, but we’ll keep you updated on the situation as we move forward.
If you would like specific market data for your area, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!
