Buy or Sell Homes in South East Valley of Arizona

Below is the my Real Estate Market Update compiled from Michael Orr’s ASU Monthly Housing Report, ARMLS STAT and The Arizona Republic. This data is typically 45 days behind current market conditions.  I hope you find this data and information valuable! June Stats from ARMLS ·         New Listings in June fell by 6% to 9,246 from the prior month. Year over year we are down .3% ·         Inventory:  T otal inventory declined again 1.1% to 19,511 in June… Months supply of inventory is 2.37 ·         As of July 11 th … ARMLS showed 15,725 active listings with 3,786 UCB listings…30,000 active listings is considered normal! ·         Home Sales: June sales decreased 12.8% to 8,228 from May. Year over year we are plus 1.2% ·         June’s median new list price remained flat at $199,...

Well, anyone in Real Estate can tell you May was a very busy month in real estate!  everyone has their theory as to why, but all in all, bottom line- "it is a good time to buy a home in Arizona".   With prices still low, interest rates at an amazing low rates and some great programs out there to help folks buy a home.  Not to mention it is cheaper to buy a home than it is to rent one?  Why not!  So this is to call all of the folks that have been sitting on the fence, thinking you will wait until things hit "bottom".  Folks Bottom was in our market about September/October of last year...you don't want to wait any longer, as prices are just starting to crawling upwards! Here is a link you might find interesting; http://www.dsnews.com/articles/lps-april-2012-home-price-highlights-2012-06-22 If you know someone who might be looking to buy or better yet sell a home- as our inventory is historiclly low, call or email me and let me know and ...