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Metro Phoenix Homes - Services & Guidance by The Neal Team - TNT

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Home Buyer – Be Quick or Be Frustrated

Buying, Market Status and Trends, Selling / by

The Internet has had a profound impact on all aspects real estate. Especially for home buyers, VERY timely information is now critical. First, all sellers want their sale cash yesterday, so a prompt offer and deal are high priorities. The buyer who has the best alert tool for new listings of desired properties is the buyer most likely to get that deal. The buyer that has no such tool, at best, will likely become aware of the listing after several offers have already been submitted.

Click here for your access to the BEST tool on the Planet for new listing alerts.

Days-on-Market? How about minutes?
Really nice well-priced properties will sell quickly

 

ARMLS Monthly Sales Clearly illustrated by the chart

Annual Closings/Sales Cycle
Peak Closings – March, April & May
Low Closings – January
… closing are 30 days after the “sale”

Overall Trend
Starting in mid-January and peaking in April, the demand and/or competition for homes in metro-Phoenix can be fierce.
 

Active Listings

The Problem
no homes available

 Maricopa County has had the highest in-migration of ANY county in the USA every month for a half-dozen+ years.

This chart illustrates the decreasing “supply” of homes being offered for sale that those new arrivals are facing.
Days on Market Days on Market (DOM)

Only a combination of condition issues and over-pricing, or bad location, will keep a property from selling reasonably promptly in the current metro-Phoenix market.

The recent spike in DOM was due to a massive and extremely quick increase in interest rates. Rates are coming down and the market is adjusting.

A slow home shopper is going to be a frustrated home shopper.