Housing Market Update

While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low.
Check out the graph that shows you the details from NAR

In July the average home received 2.8 offers and 39% still sold for over asking price.

As you can see, a Neutral Market is on the horizon, we are actually seeing a more neutral market in the Phoenix area, and I’m sure you can guess what happens in Phx will soon happen in Tucson and our surrounding areas

• The latest data shows sellers continue to benefit from serious buyers and competitive offers. Once the inventory reaches that 6-7 month mark we will see the market neutralize.
• You haven’t missed your opportunity to sell. Give me a call to start the process today.

• A buyers’ market is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiation power because sellers are more willing to compromise so they can sell their house.
• In a sellers’ market, it’s just the opposite. There are too few homes available for the number of buyers in the market and that gives the seller all the leverage. In that situation, buyers will do what they can to compete for the limited number of homes for sale.
• A neutral market is when supply is balanced and there are enough homes to meet buyer demand at the current sales pace.
It seems like there are a million real estate agents in every market these days. You should work with a professional that has been through this market before.

You need marketing strategies will help you reach more potential prequalified buyers. We'll talk about identifying your target audience, crafting your messaging, and choosing a medium to deliver that message.

🔥 Learn how much it cost to hire a professional to sell your home from YouTube videos: https://youtu.be/43Nm-Pb__4c

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