What will happen in our local market this fall? Let’s discuss a few predictions.
As most people who have lived in or around Greater Phoenix for a while will know, fall is the time when our seasonal residents return to the area. But what else can we expect from the season ahead as summer draws to a close?
As far as our real estate market is concerned, one development we’ll almost certainly see is an influx of new listings. Home prices have risen significantly, and you can be sure local home sellers are preparing to take advantage of this.
This surge of supply will also benefit buyers, by extension—as buyers will have more options to choose from. Interest rates are still historically low, so it's a great time for buyers to lock down that lower rate.
As always, if you have any other questions about what’s going on right now, or if you or anyone you know is interested in making a move, feel free to give me a call at (602) 738-9943 or send me an email. I look forward to hearing from you soon.