February 2017 Phoenix MLS Market Report
What you need to know:
Sellers:
We continue to see a nice increase in contracts written! Changes in Washington along with many down-payment programs reaching an end of their available funds may have something to do with this. Days on Market …
View MoreThe number of contracts written continues to increase. This may start to dwindle as we exit our peak season. In addition, there are some down-payment assistance programs reaching an end to their available funds. …
View MoreSellers: In its truly cyclical fashion, the Phoenix real estate market once again experienced a slight drop in active inventory in December, along with a drop in contract received. This means there will be about 1000 fewer sales in January from December. Despite the …
Please click on the image below to access October's MLS Market Report.
Active inventory stayed relatively stable while the number of homes that went under contract and sold dropped (again) from October. Home values saw a decline this past month but are overall at the highest point …
Please click on the image below to access October's MLS Market Report.
Active inventory continues to increase while the number of homes that went under contract and sold dropped (again) from September. Home values saw a small positive bump, but they have not increased significantly in nearly …
It's still a "seller's market" here in the Phoenix Metro area including the West Valley. However, home prices have not significantly increased with the limited inventory. While sellers still try to maximize their profits, it's still important for them to be realistic with their listing price and base it off …
The market remains relatively the same with low inventory and stable, slowly rising home values in most areas of the Valley. September is typically a slower month for the Phoenix market and this usually starts our slower season through the end of the year.
This time of the year, …
Inventory remains low in the Phoenix Metro area, keeping us in a "seller's market." Despite the low inventory home values have not increased significantly in the last 12 months. Sellers need to continue to price their home in alignment with other closed sales in their neighborhood. The number of homes …
The housing inventory in Arizona continues to drop causing the "seller's market" to strengthen. With the decreasing inventory, West Valley buyers are having a much harder time finding their perfect home. Homes $200,000 and under continue to receive multiple offers. Buyers need to have have a good game plan …
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 …
