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Home Prices in Litchfield Park, AZ for August 2013

By Becky Garcia

Real Estate Agent with Essential Properties, Inc

August 12, 2013 08:03 AM

Home Prices in Litchfield Park, AZ for August 2013

Litchfield Park, AZ Home Prices

We have seen continual months of listing price increases on home prices in Litchfield Park and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Litchfield Park but having a good real estate agent, like myself, who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Litchfield Park, AZ home on which you are making an offer.

If you are interested in how much current inventory is on the market in Litchfield Park you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Litchfield Park, homes have a median time of 106 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Litchfield Park has multiple offers coming in on homes similar to what we saw back a few years ago. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.