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Realtor Journal Blog

Wednesday, August 31, 2022   /   by Samantha Battles

August 2022

How's the Market? 

Hello!  It has been a little while since we have talked about what's happening in the Phoenix market and I decided to reach out. It’s been a wild few years in our world with the impact of COVID-19. There’s a lot of information being distributed in the news and social media. My goal is to help you sort through it and help you understand what it means for you. Over the past couple of years the Greater Phoenix area experienced increased buyer demand and historically low housing inventory, ie., a strong sellers market. Over the last 6 months we have slowly started to see the trend changing.   As I type this message, the available housing inventory has doubled compared to last quarter.  The rise in mortgage rates along with seasonality are currently identified as the primary cause of this shift.  Something to keep in mind as you absorb this information is that EVERY scenario is different.  The m ...
NextView Home Professionals | eXp Realty
2705 S Alma School Rd, Suite 2
Chandler, AZ 85286

© 2023 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Tia Moore - NextView Home Professionals are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. March 23, 2023
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