Saturday, October 12, 2013

Phoenix Housing Market approaching normal status: Sept 2013

The Phoenix housing market appears to be approaching what we could call a normal and balanced market.

Right now you're probably thinking: "What did he just say?"

Forget what you read in the newspaper and hear from the media about the Phoenix housing market. Instead, consider the following facts:

inventory is over 20,000 properties for the 1st time in 2 years (see Phoenix home listings report)
demand for homes in the Phoenix housing market is cyclically down this time of year with ~ 6,350 sales in September 2013 (see Phoenix Home Sales)
the price per square foot in September

Phoenix Housing Market and Tracker

1 comment:

  1. Good advice to sellers! As a real estate broker in Phoenix I think you are giving sellers good advice. I looks like our market in Phoenix is bottoming out.

    Cost to Sell a House

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