The trend is all green 'go lights' for sellers, with the exception of Pending Listings being off from last month--reflecting the seasonal trend, as sales typically slow in the summer months. But I would suggest this is not a summer for would-be sellers to go on sabbatical for several timely reasons.
Our market is bucking the national trend of a double dip in housing (as per Case-Schiller). Can it last?
Continued 'artificially low' interest rates are keeping houses at a 30-year high in affordability. How long can they stay this low with inflationary and money-supply issues?
Supply and demand numbers have clearly created the best opportunity to sell that we've seen in years.
We are definitely in a good position with the decreasing volume. At this rate we are approaching an overall 2 month supply of single family homes in the entire greater Phoenix metro area.
Let keep this going!
If we hang around a bit longer homes will be worth their value in gold.
More bite to housing less gold teeth.
Ron & Brenda Cunningham
West USA Realty
Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley"
Its tough to close on any home even short sales. I am having to counter on short sales inventory under 200k is gone fast if they are great homes.
Also lenders are holding on to inventory which is creating more of a frenzy!
Our owner and broker provide awesome market statistics that are helping to motivate my buyers to offer highest and best. Some are on board however not all of them.
I think the news, lack of job growth, and poor credit is still keeping the buyers at bay.
We are still off to a killer year.
Arizona Homes and Land
Jose Dias, REALTOR
Realty One Scottsdale
AZ Real Estate Consultants
FREE MLS Search