As we head into the last few months of 2024, the Phoenix real estate market is presenting a unique opportunity for both buyers and sellers. Currently, interest rates remain favorable, hovering around 6.2% which enhances affordability.
According to recent data, Phoenix is experiencing a balanced market with steady home appreciation. This equilibrium means that sellers can expect reasonable listing times when priced correctly getting around 97% of the asking price, (ours is 99%) while buyers can explore a variety of options without the frenzy of a seller's market.
The upcoming months are particularly promising due to projected local economic stability and ongoing demand in the area. Factors such as job growth and a robust local economy continue to attract prospective homeowners, making it an ideal time to list properties and explore new investments.
Whether you're considering selling your current property or looking to invest in a new one, now is the time to capitalize on these favorable conditions. We're here to assist you in navigating the market and maximizing your real estate goals.
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