There are a variety of opportunities in the Phoenix real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
Welcome to my Phoenix Real Estate Video Blog!
- I want to update you on what is happening in the Phoenix real estate market so that you can make more informed decisions when buying, selling or investing.
- I can answer a question I hear all the time: is it a seller's market or a buyer's market?
To answer this question, I will tell you that we are currently trending towards a buyer's market. We had a seller's market for quite some time, but inventory has risen for 4 consecutive months and we have nearly twice the amount of homes as we did last year.
This shouldn't bother sellers, though, because home prices are up by 20% from last year. Even though home prices are up, there are less buyers in the market. This has caused the average days on market to move from 69 last year, to 83 days this year.
Hopefully this information will be useful to you if you're buying or selling in Phoenix this year. Please feel free to contact with any questions or comments.
