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Shortage of Listings in Phx Metro

Posted 09-19-2017 at 12:56 PM by lizsellsazhomes


Thinking about selling? Now may be the time to capitalize! Some quick notes from our most recent home sales reporting:

1. Number of listings have decreased significantly year over year.
2. Number of millennial buyers have increased year over year. Millennials currently hold as the majority buyer at 34%
2. Sellers are still very much in control with prices generally going up a cross the board.
Cave Creek - up 9%
Paradise valley - up 9%
Scottsdale - up 8%
Surprise - up 8%
Queen Creek - up 7%
Maricopa - up 5%
Mesa - up 5%
3. Phoenix appreciation rate is slightly above national average at 5.7%. While this isn't an alarming increase- this does indicate a steady balance that maintains a healthy market.
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