The real estate market has been a little challenging for the last few years. Many homeowners who considered moving felt the market was too uncertain, and many of us have been waiting it out. As a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling.
Here are some stats:
-According to the National Association of Realtors, inventory nationally of available listings has decreased 10.1 percent from May of 2012 to May of 2013.
-According to the National Association of Realtors, national home sales in May this year are at a seasonally-adjusted annual rate of 5.18 million 12.9 percent above the 4.59 million-unit level in May 2012.
-The Housing affordability index is at the highest rate since record keeping began in 1970. This index is based on the relationship between median household income, mortgage interest rates, and median home prices.
I am sharing this information with you because inventory in the North Phoenix area is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for.
If you've thought about selling please give me a call. I’d love to visit with you for a no obligation and no pressure consultation.
Now is the time to make your move!
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