How’s the Market? Here is the March 2017 West Valley Market Report. Strong Seller’s Market continues as we see a significant drop in inventory levels in all West Valley cities. Cities with the Lowest inventory levels were Glendale with 1.95 months and Avondale at only 1.72 months of inventory. Perhaps its the fear of rate increases or maybe our beautiful AZ Spring weather, buyers were out shopping in the month of March! We saw tremendous increases in the number of sales in all cities in the West Valley. Maricopa county closed 9345 sales in March, a 70% increase over February. This increase in the number of sales caused such a decrease in the inventory levels, it could make it difficult for buyers to find homes. However it is still great time to buy, why? Because prices are much less today than they will be a year from now and interest rates are still historically low!
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Tags: Buyers, Market Condition, Market Reports, Sellers
