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.
Today, I want to share a few market statistics with you to give you a good idea of where we're at.
If you're in the East Valley, $350,000 is your key number. Homes listed under this are getting multiple offers and selling quickly.
Maricopa County as a whole is still a pretty balanced market. We’re at 4.1 months of inventory, which means it’s a touch of a buyer’s market. However, in some pockets of the market we’re seeing inventory as low as 1.9 months, which means homes are flying off the shelf in those areas!
If you’re in the West Valley, the magic number for you is $250,000. Any home under that price is in high demand! Homes that fall under that market are selling incredibly fast and for top dollar, so now is the time to list if you’ve been on the fence and have a property in that market range!
If you would like a more detailed analysis of our current market, please don’t hesitate to reach out to me. I’m always available to help you!
