There are some very interesting dynamics going on in the Phoenix Metro market. Inventory has been on a steady decline, and sales have been very active. Normally, supply and demand factors like the ones we are experiencing would be pushing prices up. While prices are still stubbornly remaining pretty flat, if a home is well priced, it is very common to see multiple offers and many buyers are finding they may need to offer full price or even higher in order to get their offers accepted.
Before going any further, it’s always good to remember that every market is different. Price and location will always cause differences. But the talk in the market right now is about the shortage of well priced nice homes to sell and the market seems to be changing.
So, who do you know who would like to sell their home?
Many people I run into tell me they would like to sell, but they don’t think they can. Others tell me they would like to change something about their home or they could see themselves wanting a different style of home in the next few years. With today’s market and interest rates, now is a great time to make those moves.
Is it a great time to sell for everyone? Everyone’s situation is different, but there are a surprising number of people who find out that now is a great time. Is now a great time to buy? Again, everyone’s situation is different, but WOW, there are some great opportunities.
Some think that they’ll wait until their current home recovers some or all of the value it may have lost. That’s one strategy. But if that is your plan, also factor in the cost of the next home and what may happen to interest rates.
With prices and interest rates where they are, the market has incredible opportunities for buyers and sellers who then become buyers. But now more than ever, doing your homework first is very important. If you or someone you know would like to explore how you might take advantage of the market, please give me a call (480-239-3023). We need more well priced homes to sell, and these opportunities won’t last forever.
Before going any further, it’s always good to remember that every market is different. Price and location will always cause differences. But the talk in the market right now is about the shortage of well priced nice homes to sell and the market seems to be changing.
So, who do you know who would like to sell their home?
Many people I run into tell me they would like to sell, but they don’t think they can. Others tell me they would like to change something about their home or they could see themselves wanting a different style of home in the next few years. With today’s market and interest rates, now is a great time to make those moves.
Is it a great time to sell for everyone? Everyone’s situation is different, but there are a surprising number of people who find out that now is a great time. Is now a great time to buy? Again, everyone’s situation is different, but WOW, there are some great opportunities.
Some think that they’ll wait until their current home recovers some or all of the value it may have lost. That’s one strategy. But if that is your plan, also factor in the cost of the next home and what may happen to interest rates.
With prices and interest rates where they are, the market has incredible opportunities for buyers and sellers who then become buyers. But now more than ever, doing your homework first is very important. If you or someone you know would like to explore how you might take advantage of the market, please give me a call (480-239-3023). We need more well priced homes to sell, and these opportunities won’t last forever.
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