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Arizona Real Estate Market Report August 2015
Arizona Real Estate Market Report August 2015 
Of course, our Queen Creek Real Estate market varies slightly from the Phoenix Arizona Housing Market Report, but most of the data is still applicable for our local housing market. The Market Report for Queen Creek and the San Tan Valley Market Report provide a more detailed look at the numbers for our region. Thanks to my amazing colleague, Beth Cox, Lead Market Analyst for United Brokers Group, I am able to provide you with the following information regarding the Phoenix Arizona Housing Market Report. Home prices are rising and homes that are priced well and show well are in some cases generating multiple offers! This is exciting news for our local real estate market.
“The scorching Phoenix weather has not been a deterrent to buyers who have felt continuing pressure of low inventory and lots of competition. The number of active ARMLS listings has dipped below 20,000 for the first time since 2013 and currently matches the low levels we seen 2005. Typically inventory accumulates and buyer activity slows down the second half of the year in Phoenix, but that may not be the case for 2015. Metro Phoenix is down to 2.5 months’ inventory at current absorption rates.
We do not fear another ... more

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