Is It A Sellers Market Or A Buyers Market

Dated: 06/16/2016

Views: 284

#queencreek and #santanvalley #realestate is looking like it is a sellers market! This NOT just an educated guess but real fact numbers! The valley right now has 2.7 months worth of inventory. 

What does this mean?? Let me break it down for you. 

More than a 6 months supply of homes = Buyer's Market

+/_ 6 months supply of homes = Balanced Market

Less than 6 months supply of homes = Sellers market.

So this means overall across the valley it is a sellers market. BUT in #QueenCreek and #SanTanValley these numbers are EVEN better! We are at 2.3 months supply of inventory.  This means that if we didn't list ANOTHER home for 2+ months we would run out of homes for buyers to buy! 

Some other great facts is 92% of all the homes on the market in the Phoenix valley is under $500,000.

8% are priced over $500,000.

BUT 30% of all the inventory is above $500k.

IF you're wondering what the inventory is for your exact area don't hesitate to reach out to us and we can let you know exactly what is going on in your area!!

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