Is It A Sellers Market Or A Buyers Market

Dated: June 16 2016

Views: 307

#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!!

Want to Advertise on this Site?

Latest Blog Posts

Why You Want An Experienced Agent

Something I see everyday in real estate are agents that do 1 or 2 deals a year. While don't get me wrong, I FULLY appreciate that they are trying to make some extra cash for the family, but is it in

Read More

What Is Going On In The Housing Market

Sept. 19,2020Hard to imagine we are almost finished with 2020! What a year this one has been. BUT the one thing that has remained to be strong and steady is the housing market. Especially here in

Read More

Trader Joes Coming To The Queen Creek Marketplace

The Kallhoff Team is super excited to announce that Trader Joe's is coming to the Queen Creek Marketplace. With the surrounding areas of Queen Creek and San Tan Valley growing, it is exciting to add

Read More

End Of Year 2018 Overview And What Is Going To Happen 2019

Wow can you believe 2018 is quickly coming to an end? The real estate market has been interesting this year in the East Valley. March thru July was insane with multiple offers, prices going up, and

Read More