Hello readers. Are you ready for good content? As your boutique real estate team in Scottsdale, Williams Luxury Homes is here to keep you informed on the latest trends and happenings in the Greater Phoenix market. Today, we’ll discuss the most recent real estate data, mortgage rates, foreclosures, yada, yada, yada. For those wanting the Arizona real estate market to crash, the data simply doesn’t support such event happening right now.
One city, Goodyear, is in a balanced market, while the rest are in a seller’s market. Only two cities experienced negative changes month over month: Paradise Valley and Tempe. Three cities are in a buyer’s market: Queen Creek, Maricopa, and Buckeye. Below are the latest CMI’s with month-over-month percentage changes.
So there you have it, the latest on the Greater Phoenix real estate market. With mortgage rates falling and buyer activity increasing, it’s an interesting time. We are glad to see foreclosures and new inventory low. Williams Luxury Homes is always here to guide you through this ever-changing landscape. If you read our Greater phoenix real estate blog, you know we are ALWAYS adding new data. Stay tuned for more updates shortly.