Word on the street is that it's a buyer's market in Phoenix right now. Ummmm...not exactly. The answer to the question of whether buyers or sellers have the edge in the Phoenix real estate market, like a lot of questions about Phoenix real estate, it depends. Let's take a look at how the price of the house is related to who … [Read more...] about Who’s Calling the Shots in Phoenix Real Estate? Buyers or Sellers?
Last year, here in Phoenix, it was a Buyer's market. This year it is a Seller's market. Plain and simple. But that message seems to get lost in all the media hype about foreclosures and short sales, and desperation and reports that the sky is falling. So, without any hype, without any fanfare, here are the facts: Months of … [Read more...] about Attention: This is NOT a Buyer’s Market!
As of this morning, there is 4.1 months inventory of homes on the market in the Phoenix Metro area. A balanced market, where the Buyer and Seller have equal advantage, occurs at about 6 months inventory, so we are currently operating under a Seller's advantage. But the price range you are shopping in plays a big role in the … [Read more...] about How Does Price Range Affect Inventory in the Phoenix Housing Market?