Welcome back to the LUXE BLOG. Today, we’re here to share a housing market update, fresh from the data vaults of Redfin. Remember, from stats and figures to the latest real estate trends, we aim to keep you informed. With that said, we’re here to reveal insights take from new Redfin data.
According to new Redfin data:
The minimal year-over-year drop in home-sale prices and the 100% sale-to-list price ratio are clear indicators of a stabilizing housing market.
In spite of the high rates deterring some homebuyers, they still outnumber home sellers. This implies that buyers are purchasing homes faster than they’re being listed, thereby keeping home prices stable.
These leading indicators give us a broader picture of the current homebuying activities.
In the fluctuating landscape of real estate, WLH pays attention. We are out here in the market every day. Should you be considering buying a piece of real estate in Arizona, we’d LOVE to assist. Our handpicked team of dedicated agents, with a combined experience of over 150 years, truly love what they do. We have you covered, from high-end condos and custom-built homes to land purchases and investment properties. Feel free to reach out. And thank you for reading LUXE BLOG.