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Maricopa Arizona Homes for Sale - Market Update 5JAN
Happy New Year everyone! The homes for sale market in Maricopa Arizona promises to be a "wild ride"! Inventory continues to edge downward though not at the pace that I expect to happen very soon. I have lived in Maricopa AZ for over nine years and every year come 2JAN it is like "flipping a switch" as seasonal buyers begin to pour into our small community. We already have numerous appointments booked for the first couple of weeks of JAN and expect a lot more to be on the books this week.
This year, unfortunately, the inventory is about 1/4 of what it was at the same time last year. Unless there is a large influx of foreclosures, which is unlikely as the lenders still appear reluctant to release their shadow inventory, homes are going to be very hard to find. Many buyers are going to be relegated to short sales and even those have been on the decline in regards to inventory. That being said, it will be very important for buyers to utilize a local agent that is not only very familiar with the market in Maricopa Arizona but also checks their "Hot Sheets" for new listings multiple times ... more

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