In the coming months, it’s important to watch whether Scottsdale’s elevated inventory levels persist, as sustained supply above seven months would continue to shift negotiating leverage toward buyers and place greater pressure on pricing accuracy. It will also be critical to monitor whether average prices remain elevated or return to normal as more mid-range homes […]
In the coming months, it’s important to watch whether Metro Phoenix inventory continues to build, as sustained supply above six months would keep negotiating leverage tilted toward buyers. It will also be critical to track whether pricing holds or softens as more mid-range homes close, since recent price gains were influenced by higher-end transactions rather […]
In the coming months, it’s important to watch whether buyer demand continues to hold now that prices remain elevated but mortgage rates have eased, as Scottsdale’s 7% increase in sales suggests buyers are still willing to act when value aligns with pricing. Inventory levels will be critical, as months of supply near 1.8 continue to […]
In the coming months, it’s important to watch whether buyer demand remains steady as mortgage rates hover near the mid-6% range, since even small rate changes can quickly impact affordability and activity across Metro Phoenix. It will also be critical to monitor pricing discipline, as homes that align with market reality are selling while overpriced […]
In the coming months, home sellers should be ready for a market where pricing it right is critical, as rising inventory gives buyers more choices and chips away at a once-strong seller’s advantage. With sales activity slowing sharply, homes that come to market even slightly overpriced are far more likely to sit and require reductions […]
In the coming months, it’s important to watch whether buyer activity continues to cool, as even small declines in sales can signal growing sensitivity to higher mortgage rates. Keep an eye on pricing trends, because while the recent jump in average sales price reflects stronger high-end activity, it may not hold if affordability pressures deepen. […]
In the coming months, it’s important to watch how renewed buyer momentum interacts with falling mortgage rates, as October’s 14% jump in sales suggests more activity ahead. Even with prices holding steady, the rise in price per square foot suggests that buyers are prioritizing quality over size, a trend that could intensify as inventory becomes […]
In the coming months, it’s important to watch for improving affordability as mortgage rates ease, which could bring more buyers back into the market. Rising inventory levels indicate a gradual shift toward a more balanced market, giving buyers greater leverage and encouraging sellers to price their properties strategically. Despite a slight dip in average prices, […]
In the coming months, it’s important to watch for softening prices, as both averages and medians have slipped year-over-year, creating more negotiating power for buyers. Inventory levels continue to climb, offering more choices and putting pressure on sellers to price competitively. With mortgage rates holding steady, the key question is whether demand will keep pace […]
In the coming months, it’s important to watch whether strong buyer demand continues, with sales up 9% year-over-year even as prices hold flat. Inventory remains tight at just 2.73 months, but rising Expireds and Cancelled properties show that sellers who overprice may struggle to find buyers. With mortgage rates steady around 6.27%, the market’s direction […]
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