In the coming months, it’s important to watch for continued inventory growth, which is giving buyers more choices and shifting negotiating power away from sellers. Although average sale prices are holding steady, the decline in price per square foot and longer time on market Hint at softening demand. If mortgage rates continue to ease, even […]
In the coming months, it’s important to watch for continued inventory growth, which is giving buyers more choices and shifting negotiating power away from sellers. Although average sale prices are holding steady, the decline in price per square foot and longer time on market Hint at softening demand. If mortgage rates continue to ease, even […]
In the coming months, it’s essential to monitor how rising inventory in Scottsdale affects the market, particularly in mid-range price points. While luxury homes continue to command top dollar, overall sales activity is softening under the weight of higher mortgage rates, now nearing 7%. Sellers should focus on strategic pricing and presentation, while buyers may […]
In the coming months, watch for buyers gaining more leverage as inventory continues to rise across Metro Phoenix markets. Mortgage rates have climbed to 6.94%, which may pressure affordability and influence buyer urgency. Despite slower sales, average prices remain strong, suggesting that pricing strategy and property positioning will be key for both buyers and sellers […]
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 […]
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