March 2017 MLS Market Report for Phoenix

What you need to know:

Sellers:

The 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. Remember, "pretty homes" sell faster and for more money...have your home in tip-top shape to secure the best offers from potential buyers.  

Buyers:

Interest rates continue to remain relatively stable over the last 30 days, but we expect to see gradual increases throughout the year.  More than 24% of the sales last month involved cash buyers, so a reminder to 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.  

Please click on the image below to access the March 2017 MLS Market Report: