How’s the Market? Here is the November 2016 West Valley Market Report. Rounding out the year, the Phoenix real estate market continues in a positive direction. All West Valley cities except Litchfield Park & Glendale saw average sales price increase last month. Peoria & Phoenix with over 10% average sales price increase for the month of November. Litchfield Park reporting a drop in the average sales price -0.47 with average days on market increasing as well as the inventory levels increased. It will be interesting to see what December holds for the Phoenix real estate market. Looking ahead, interest rates are on the rise and could affect some buyers in the market place. However, our beautiful warm weather bringing the winter visitors should help continue to move things along. We wish you all a wonderful Holiday Season & Happy New Year!
Thinking of Selling? Contact us directly If you would like a more detailed Market analysis on your neighborhood or home value.
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Tags: Buyers, Market Condition, Market Reports, Sellers
