The latest numbers from our market paint a different picture for buyers and sellers.
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As we hit mid-August in our metro Phoenix area, the latest numbers provide some good news and bad news for buyers and sellers.
As we hit mid-August in our metro Phoenix area, the latest numbers provide some good news and bad news for buyers and sellers.
There are currently 17,678 active listings on the MLS, which is a 12% decrease from the 19,711 listings that were active at this point last year. For all types of homes, our average days on market is 66 days. For sellers, this is great news. In some neighborhoods around the Valley, we’re even approaching 2006-level numbers, which was the peak of our market.
In some neighborhoods around the Valley, we’re even approaching 2006-level numbers.
For buyers, the news is not so great. There are a lot of buyers out there looking for homes in the $300,000 range, but there is a shortage of inventory at that price point.
If you’re a buyer and you’re having a difficult time finding your next home, don’t hesitate to get in touch with us so we can provide you with access to our off-market and FSBO (for sale by owner) properties.
If you’re a seller or you have any other questions about our market, feel free to give us a call. Talk to you soon!
