Arizona monthly market Real Estate report for sellers and buyers, Phoenix Arizona, Ahwatukee Arizona

Arizona monthly market Real Estate report for sellers and buyers, Phoenix Arizona, Ahwatukee Arizona

Below you will find the Arizona Monthly market Real Estate report for seller and buyers.  I feel as a individual thinking about listing your home, you need to know what is going on in the market as well for any on considering buying a home. 

NOTE; definition for REO: (Real Estate Owned; Property which is in the possession of a lender as a result of foreclosure or forfeiture)

The average sales price analysis; Arizona monthly market Real Estate report for sellers and buyers.

Sellers:

After an increase in the average sales price in October, November saw a 3.06% decrease to $165,108.00.  This is the LOWEST average sales price in the 36 month reporting period.  Continue to watch this graph to see how interest rates, inventory, and the evolving lender requirements impact this price.

Buyers;

For buyers, this means the average buyer paid less for the home in November than at any time in the past 36 months.  This is an indicator that great value is still in the market…and that buyers are actively purchasing these homes.  Find time now to meet with your Real Estate professional to learn why this could be the very best time for YOU to buy.

New Listing Analysis;  Arizona monthly market Real Estate report for sellers and buyers