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!!

https://youtu.be/caBIMUq1mi0

Want to Advertise on this Site?

Latest Blog Posts

25th Annual Cinco De Mayo Downtown Phoenix Festival

Don’t miss one of the largest multicultural festivals in Arizona. Head to 200 W. Washington Street between 12pm-10pm to celebrate Mexico’s victory over the French Army

Read More

Florence Named Arizonas Safest City

FLORENCE — Florence has been named Arizona’s safest city for 2018 by the website HomeSnacks.The website, which reports recent data, videos and thoughts on local culture, called Florence “a

Read More

Johnson Utilities Seeks 23 Percent Rate Increase

By HEATHER SMATHERS Staff Writer  Jan 23, 2018SAN TAN VALLEY — A Pinal County utility provider is asking state regulators to allow it to increase customers' rates.Johnson Utilities has

Read More