First Quarter 2016 – Review of the Phoenix Real Estate Market

It's about that time when I like to tantalize all of you with some market statistics! How is the Phoenix real estate market so far in 2016? Well let's take a look... Supply is gradually increasing as it usually does this time of year, but demand has been a little sluggish in the price ranges below about $250-300K in most areas, and a lot sluggish in the upper price ranges. Sellers still call the shots below $250K in most geographic areas, but buyers and in hog heaven in those upper ranges. Hope you bought your lottery tickets because this is the year to buy that mansion. Interest rates have decreased slightly since the Fed lowered the … [Read more...]