How’s the Market? Here is the JUNE 2017 West Valley Market Report. Inventory levels decreased again in all cities accept Glendale and Goodyear, which had small increase, still continuing in a Sellers Market. We saw homes selling quicker than in previous months. Inventory levels continue low simply because we seem to be listing nearly the same amount that we sell, each month. Surprise had 405 new listings come on the market last month, yet we sold 413, decreasing inventory from 2.51 months of inventory to 2.43 months. The number of homes sold each month continue to be nearly in sync with the new to the market properties. All cities have an increase in the average sold price, except Litchfield Park and Buckeye.
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Tags: Buyers, Market Condition, Market Reports, Sellers
