The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of January 2018
Market status: HOT for Sellers AND Buyers
January 2018 Dollar Value of Homes Sold: up 13.6% from a year ago. Down 12% from last month.
January 2018 Closed Sales: Up 2.4% from last year, down 14% from last month.
January 2018 Average Home Price Sold: Up 11% from last year to $314,505, up 2.2% from last month.
January 2018 Average Days On The Market: Up to 74 days, homes are selling as fast as last month.
January 2018 Discount price: About 3.7%. Sellers have an edge, but buyers can still buy with a small discount.
Janaury 2018 Market Numbers: 17,000 active listings on the market (very low!!!), 9,800 new contracts, and about 7,000 sold in the last 30 days. A very low inventory! And high spike in sales of homes!
January 2018 The Total County Absorption Rate: down to 2.4 months of inventory, which means houses are selling fast!! And inventory is being absorbed!
Want to know how your city, area code or subdivision or area is doing? Send me an email… at email@example.com and get your report.
Richard Bazinet pllc, MBA, CRS, ABR
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