Quality, timely information and insight are at an all-time premium. Being quick into escrow that you eventually walk from is the ultimate frustration … and time waste.
Days-on-Market? How about minutes?
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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
A steady increase from 7,100 to 7,500 range in the peak months of 2015
to the 8,000 to 9,000 range in 2019 |
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The Problem
no homes available
Maricopa County has had the highest in-migration of ANY county in the USA every month for 3+ years
… this chart illustrates the decreasing “supply” of homes being offered for sale … that those new arrivals are facing.
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MOS = Months of Supply
an example …. if you have 136 listings at the start of the month and then 100 sales that month, the MOS would be 1.36 … the current overall MOS for Maricopa County … incredibly low |
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The Bottom Line
Strong Seller’s Market
This “Relative Strength” measures the MOS for the most recent month compared to the 10-year average MOS for that month.
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 when listed under $500,000.
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