The media is quick to jump on the gloom and doom bandwagon regarding the current real estate market around the country. Why aren’t they reporting on what’s been happening in the Phoenix Metro area over the last few weeks?
The market reports are reflecting a recent steady improvement to our market (see chart below).
Yes, Buyers are buying and sellers are smiling. Let’s shout it from the rooftops…or at least from our nightly news?
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This weekly report will indicate an improvement (indicated in Green) when our “Active Listings” Decrease & our “Pending” and “Sold” Listings Increase.
While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer’s market, our market seems to be making a positive trend. With more buyer activity over the last few weeks, our market inventory has continued to fall. The Southeast Valley is now carrying less than a year’s worth of inventory!
We currently have 12.7 months worth of inventory in Active Listings in MLS. (A market improvement over last week.) Arizona Regional MLS Inventory Data (All dwelling types)
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For more Information visit Chandler Arizona Real Estate. This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee,
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