Of course, our Queen Creek Real Estate market varies slightly from the Real Estate Market Report Phoenix AZ, 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.
"Arizona Regional MLS just reported that months of inventory (# Active/UCB listings divided by # sold that month) for Metro Phoenix ticked down in April to 3.08, down 20% from last April. Overall we see a seller's market, but here are comparisons of inventory stats in 10 cities surrounding Phoenix (all dwelling types included), showing where we may expect the biggest price increases in the next couple of months."
Areas with relatively low months of inventory (seller's market):
Areas with relatively high months of inventory (buyer's market)
Paradise Valley: 10.66
Fountain Hills: 6.71
Queen Creek: 3.58
- Beth Cox, Lead Market Analyst for United Brokers Group
Note: UCB is a designation used for a listing that is "Under Contract Accepting Back-Up Offers"
For a detailed look at the Phoenix Arizona Housing Market Report April 2015, just click on the image below.
For a look at the real estate market reports for past months, please visit my blog: http://queencreekrealestatesite.com/blog/phoenix-arizona-housing-market-report/
As a full-time, experienced Realtor living and working in the areas of Queen Creek and San Tan Valley Arizona, I am always available to answer your real estate related questions. If you are interested in buying or selling a home in Queen Creek or San Tan Valley Arizona, or if you would simply like a FREE market analysis of your property, then please do not hesitate to contact Karen Berg at 602.919.2375.
Of course I’d love to help you any time you need to buy or sell, but I’m also here for you any time you have a question about the market. You can also feel free to call if you’re simply curious about the listed or sold price of a house down the street. I’m looking forward to hearing from you soon!