Here’s what’s going on these days in our Phoenix real estate market.
Today I’m sharing a quick Phoenix real estate market update. We currently have little to no inventory, which is keeping prices very high. That’s great because Phoenix is one of the fastest-growing cities in the U.S., and homes are selling for $20,000 to $50,000 over asking price or even more if they have a pool.
The excellent news for buyers is that we have 2.5% interest rates right now, which is extremely low. With our preferred lenders, we can get you that 2.5% rate, which means you’ll save on your monthly payments and the overall cost of the loan.
“We currently have little to no inventory, which is keeping prices very high.”
Buying and/or selling a house is super stressful and can be frustrating. However, it’s only frustrating if you don’t have the right real estate agent helping you navigate the transaction. This is even more true because experts are predicting that over the next 12 to 18 months, the market will stay high and extremely aggressive.
If you want to know more about how we can find you an off-market property or help you write a winning offer, give us a call or send an email. We would love to help you.
