April did not see any huge changes in our local market. We are still experiencing a seller's market with inventory remaining low. Even with the low inventory prices have not increased significantly in the last 12 months but days on the market have increased. When pricing your home to sell be careful not to price it too high or it will take longer to sell.
For buyers there's still competition and multiple offer situations. Move-in ready homes that are priced right are moving quickly. Homes below $200,000 continue to be popular. Interest rates remain low, it's a great time to buy!
The monthly market report for the Phoenix are is ready for you to view or download, click on the image below to access this month's market report. Please feel free to share this information with your family and friends.
Get a FREE instant property value now!
Search for homes for sale on the MLS.