June 17 Market Snapshot
While you are trying to stay cool this summer (like that’s really possible), we thought you may enjoy reading a little tid bit about the Phoenix REAL ESTATE market. We are so pleased to be able to provide accurate and consistent information as it relates to our LOCAL PHOENIX Real Estate market.
The chart below is brought to you courtesy of the Cromford Report–a local company that analyzes our real estate industry and helps us provide information to the public on what is really going on!!
For today-6.17.11
Keeping it short and sweet–Listings continue to drop , sales are up, and as of recent, pricing seems to have a bit more stability. With only 3.1 month inventory levels, sellers are beginning to have the upper hand in negotiations, as buyers don’t have that many options to choose from anymore. We will see if this trend continues as the year progresses.
(If you would like us to explain this more in detail, please don’t hesitate to call 480-776-5288 . The best time to reach us is Monday-Friday, 8-5 pm.)
Market Snapshot
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