In the coming months, it’s important to watch for whether rising inventory continues to give buyers more leverage and soften home prices further. Sellers may need to adjust expectations as properties take longer to move and pricing becomes more critical in a competitive market. With mortgage rates holding steady, buyer activity could pick up, making […]
In the coming months, it’s important to watch if buyer activity picks up in response to growing inventory and softening prices, or if the market continues to cool. Sellers should closely monitor pricing trends, as overpricing in a shifting market can lead to extended days on the market. Meanwhile, strength in luxury sales, like those […]
Scottsdale’s real estate market surged in Quarter 1 of 2025, with home values and sales up 12%, while mortgage rates dipped slightly to 6.78%, creating a window of opportunity for buyers. Inventory also rose 4%, offering more choices and slightly less competition in a still-active market. Sellers continue to benefit from strong demand, but strategic […]
Metro Phoenix home values rose 12% in Quarter 1 of 2025, signaling strong appreciation and motivating buyers to act before prices climb higher. Inventory also grew by 4%, giving buyers more choices while encouraging sellers to price strategically in a more competitive market. With mortgage rates down to 6.78%, improved affordability is fueling demand and […]
The 16% drop in average home prices and 13% increase in sales show buyers are gaining the upper hand in negotiations. Solid property options are still available with inventory tightening by 9%, but motivated sellers may be more willing to negotiate. Plus, with mortgage rates down to 6.84%, buyers can secure a better deal before […]
The 6% decline in average home prices, combined with an inventory level of 5.78 months, indicates that Metro Phoenix is currently exhibiting characteristics of a buyer’s market. Despite a 20% increase in sales activity, the available supply suggests that buyers maintain greater leverage in negotiations. Additionally, with mortgage rates declining to 6.84%, market conditions may […]
Scottsdale’s real estate market in 2024 offers strong investment potential, with a 12% increase in average sales prices and rising property values, making it a prime opportunity for buyers and investors. While mortgage rates have climbed to 7.04%, creative financing strategies can help buyers navigate affordability challenges. Additionally, a slight increase in inventory provides more […]
In the coming months, it’s important to watch for Scottsdale’s single-family housing market to cool slightly, influenced by the holiday season, fluctuating interest rates, and a tightening inventory of homes. For buyers waiting on the sidelines, December is an opportune time to negotiate price and terms. By January, inventory is expected to rise, ushering in […]
In the coming months, it’s important to watch for the Metro-Phoenix single-family housing market to cool slightly, influenced by the holiday season, fluctuating interest rates, and a tightening inventory of homes. For buyers waiting on the sidelines, December is an opportune time to negotiate price and terms. By January, inventory is expected to rise, ushering […]
In the coming months, Scottsdale’s single-family home prices are expected to rise through November and December. Historical trends indicate that inventory may tighten further as the typical holiday slowdown in new listings takes effect, creating a potentially competitive landscape for year-end buyers. – Grant Van Dyke Scottsdale Average Sales Price: September 2024 > $1,562,534 vs […]
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