Phoenix Market Update
Continued Sellers Market
One thing agreed upon by all is that we are in a seller’s market, and it’s a good market for both sellers and buyers. Interest rates are low, and cash buyers are ready to go.
On a more specific level, there are segments of the market that are hotter than others. Move-in-ready, entry-level homes are in huge demand, for example.
Months of Supply is down 48% as well as the Median Days on the Market (28 days average).
Contact me to find out how much your home’s worth!
Mortgage Rates Remain Flat
The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth. Purchase demand is lifting the construction & manufacturing industries and it is also leading to more consumer spending for owners, who are selling or improving their homes. On the refinance front, many consumers are smartly taking advantage of the ability to lower their monthly payment, which means they can spend, save or pay down debt more so than they have in the past.
6325 E Halifax Street
Oversized 1/2 acre lot with 38k gallon diving pool and large backyard play area. Solar panels already installed! New roof and HVAC unit. Excellent insulation and energy efficiency. Expansive loft ideal for a den, home theater, extra bedroom, or whatever fits your lifestyle and needs. PLUS, even more space with enclosed entry room from carport that could easily be converted into living space. Remodeled master bathroom. Cozy up by the fireplace in the coming months. Imagine all the possibilities for making this home yours today. View the Full Listing.
Grateful This Thanksgiving
Friends & Colleagues, Thank you!
As the crisp morning air sweeps through the valley, I wanted to take a moment to truly thank you for your support. Thank you for giving me the opportunity to serve you. I appreciate the confidence that you have placed in me, and I value your business.
Wishing you a wonderful Thanksgiving.
Contact us today for any of your real estate needs.