Arizona Home Sales: It's a Buyer's Market in the Valley

The real estate marketing in our areas (Phoenix, Scottsdale, Mesa, Chandler, Gilbert, Tempe, etc.) is in the midst of somewhat of a correction. There has been a lot of speculation nationwide about the bottom falling out of the housing market. We fear no such bottom here. Why? Because the economy here has always been strong and it continues to be strong, and we have a diverse housing market.

BUT...if you're looking to buy a home in this area, conditions are in your favor (especially relative to last year), so the time to take action is NOW. Don't wait until the market heats back up. At the present time, we are experiencing somewhat of a normalization as demand tries to catch up with supply. So you may be able to purchase more home for your money right now than you could last year, but that may not be the case a few months from now.

In general, Arizona is an affordable housing market, especially relative to our neighbors in California. That fact, combined with the present softening of the market, make this the ideal location and time for home purchasers looking to move to a pleasant climate while maximizing their home purchase value.

There will be no bust in our housing marketing because of our strong economy and strong job growth. So buyers should take advantage of a flattening of home prices while there is still time. Call Choice Group Realty today and we will walk you through the process of finding your perfect home and use our connections to help you get it financed.