ALERT! ALERT! ALERT!
Arizona real estate inventory is at very low levels. A "normal" or balanced market means that there is 6 months of inventory of houses on the market. More than 6 months inventory favors buyers who have lots of homes from which to choose. Less than 6 months inventory favors sellers who can take advantage of the lack of inventory to entice the buyers to buy their home.
Currently, we have a 3 months of inventory.
I see these low levels of housing supply every day, whether it's realizing that I've shown a buyer every home that meets their criteria and there's nothing left, facing multiple offers on homes for sale, the resurgence of bidding wars, or hearing from colleagues that they've received multiple offers on their brand new listings. Besides this reliable evidence, there are real numbers behind the inventory issue.
Thus, if you've been considering selling your home, or you HAVE to move, here's some advice.
Four steps to take now:
- Stop what you are doing right now. Seriously. Stop!
- Stop "thinking" about selling your house.
- Tidy up the house.
- Call me to help sell your home. (Call today at 480-329-4478)
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