September is usually a quiter period for sale of single family homes in Tempe zip code 85281 - this zip code includes the areas close to down town, and the older neighborhoods with little, if any, new construction of single family homes. If we look at the graphic below the green bars show that last year the peak sales were in the months of July and August, and so were this year's.
The infographic below illustrates the single family homes market dynamics for September 2018 :
54 active listings
26 New listings
27 Under Contract
15 Sold Listings
Most of the transcations were either cash or financed with 30-year coventional loans, only a few were financed with an FHA and VA loans. One other trend I noticed is that about a third of the transcations had seller concessions.
If you are looking to buy or sell in any area in the Phoenix Metro, please connect with me for an in-depth analysis and insights about the market conditions.
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