I know I may have been redundant, as of late with all my reports of inventory shortages, rising prices and bidding wars between buyers. Well… surprise! I have a real estate market stand out to report today.
While other areas of the country are weighing favorably on the side of the sellers, the Phoenix, Arizona luxury housing market has seemed to have struck a rare balance. Prices are rising, but not skyrocketing and there are ample choices in the market for high end buyers. The changes in the Phoenix market are moderate compared to other areas I have been sharing with you.
More details about this interesting difference in the real estate market are featured in an article in the Phoenix Business Journal. You can read the article in its entirety at the link below.
Phoenix, Arizona’s luxury housing market is a unique specimen in today’s market.
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