Time are changing! Arizona has gone from record low inventory of 4000 house to over 15,000 available homes in less than 6 months time. Sounds like a lot of available inventory and prices
Sep 29 2021 69278 1
Dated: September 29 2021
Views: 191
Rising home prices slowing down in 2022?
If you are looking to buy a home you hope rising home prices stop or receded. Own the home? Keep the sellers market and rising prices coming!
All the data is pointing to MORE price increases up to 21% over the next year in markets like Phoenix, Arizona. US home price growth soared to 19.7% in July extending an unprecedented 14 month streak of increase and setting a new record for annual price growth.
Buyers feeling they missed the wave are right in the middle of it and will gain equity if they purchase now. The problem has been low inventory with an increased population growth. Builders of new homes are still behind the curve and will be years before they catch up.
Bottom line, don't wait for the market to cool if you wish to live in the valley of the sun.
Jeff Seman
We are a group of local knowledgable Anthem Realtors. We live, work and raise our families here! North valley homes and communities are our specialties. It pays to have local expertise. Over 1....
Latest Blog Posts
Cannot find a home to buy in Arizona? Give it a day or two….. Buyers are having a hard time finding homes in Arizona to purchase as the demand is high and inventory is low. Many
Rising home prices slowing down in 2022?If you are looking to buy a home you hope rising home prices stop or receded. Own the home? Keep the sellers market and rising prices coming!All the
Welcome to the hottest Real Estate market in the recent history of Arizona. We have an inventory crisis on our hands! As of this writing there are only 4200 homes available in all of the
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Information deemed to be reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Only IDX residential listings are displayed on this site. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose
