the real estate market traditionally slows down around the November-December holiday season. There is a lot of demand for properties and not enough inventory yet ... I will agree with the other responses below, I don't believe prices will go down in the fall to winter season. they have gone up 20% February to March ...and looks like the trend will continue in the next couple of months.
My short answer is NO.
Based upon what I see we are back on our way up. There may be some ripples, but nothing drastic. I analyse properties for investor groups so I really look at the market daily. I live in Buckeye and know the market well. Now is a great time to buy. Homes are affordable.
Call me and I would loove to answer your questions in depth.
(623) 224-9994 Direct
While there are variances within any real estate market, the Phoenix market is one of three markets in the country which experienced price increases this past month. We led the nation with 3.5% increase. It is the fifth straight month of appreciation. I read an article yesterday from a national analyst who is predicting 6.5% appreciation for Phoenix homes over the next year.
NO ONE can predict the future, but we appear to have hit the bottom of the bubble burst and are now doing what Phoenix does best: Growing. With this much sunshine, it is hard to keep people away.
Good luck. Let me know if I can help you with financing that new home. Bill.
Team Texidor at Solutions Real Estate