Shortage of Listings in Phx Metro
Posted 09-19-2017 at 12:56 PM by lizsellsazhomes
Thinking about selling? Now may be the time to capitalize! Some quick notes from our most recent home sales reporting:
1. Number of listings have decreased significantly year over year.
2. Number of millennial buyers have increased year over year. Millennials currently hold as the majority buyer at 34%
2. Sellers are still very much in control with prices generally going up a cross the board.
Cave Creek - up 9%
Paradise valley - up 9%
Scottsdale - up 8%
Surprise - up 8%
Queen Creek - up 7%
Maricopa - up 5%
Mesa - up 5%
3. Phoenix appreciation rate is slightly above national average at 5.7%. While this isn't an alarming increase- this does indicate a steady balance that maintains a healthy market.
1. Number of listings have decreased significantly year over year.
2. Number of millennial buyers have increased year over year. Millennials currently hold as the majority buyer at 34%
2. Sellers are still very much in control with prices generally going up a cross the board.
Cave Creek - up 9%
Paradise valley - up 9%
Scottsdale - up 8%
Surprise - up 8%
Queen Creek - up 7%
Maricopa - up 5%
Mesa - up 5%
3. Phoenix appreciation rate is slightly above national average at 5.7%. While this isn't an alarming increase- this does indicate a steady balance that maintains a healthy market.
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