How’s the Phoenix Real Estate Market Doing?
While prices are up, interest rates are down.
COVID-19 & the Real Estate Market
The pandemic has impacted all aspects of selling and buying
Unusual Times…
These are unusual times, and how far this all goes and where it ends is still unclear.
Inventory Remains at Historical Lows
The inventory of homes for sale has not been this low since 2001
Chronic Inventory Shortage
The impact of our very chronic inventory shortage can’t be overstated.
It’s About Available Inventory
The low level of available units is driving higher prices
Inventory Downward Trend Continues
Low inventory and falling interest rates will continue to make for a strong seller’s market.
Continuing Shift in Available Inventory
While available inventory for moderately priced homes continues to shrink significantly, the inventory of luxury priced homes is still very healthy.
