|
| Temporary Readjustment of the Market |
 |
It is currently a Buyers market.
There are 43,231 homes currently on the market.
They are taking 67 days to sell on average.
|
| |
| My Market Analysis: |
| The Phoenix Real Estate market has slowed down steadily since the high watermark set in September 2005. Since then, Inventory of homes has increased by 50% of normal, or over 43,000 homes. A majority of these homes are in the lower priced investor range. >300K...I feel we are headed into a 6-12 month period of readjustment, in order for these excess homes to be absorbed. Phoenix’s Job Growth and unemployment still look very favorable. In the meantime, it is a true buyers market. Now is the time to come to Phoenix and negotiate great prices on our homes. As the Summer wears on, our Sellers will become more anxious. |
|
|
|
|
