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 are also going up. Remember--to get the best offers, have your home in tip-top shape!
Buyers
Rates continued to remain relatively stable over the last 30 days, but we expect to see gradual increases throughout the year. Buyers with a loan...you will often get a good price or good terms (concessions/contingencies) but rarely both. Be prepared to write your offer accordingly and present a strong one.
Click below to see a pdf version of the February 2017 Phoenix MLS Market Report:
