This market update compared to our last one looks almost identical. Will we see this trend continue, are sellers hesitant or waiting for more equity? Hopefully things continue but one thing is for sure, sellers are, for the most part, still sitting on the sidelines, as we have just over 12,000 single family homes on the market. If you need to sell now may be your free ride as listings are not sitting on the market very long. Even so, average days are still 52…seems like buyers may be hesitating as well. Many people in a “wait and see” holding pattern still.
Phoenix Real Estate Update 5/24/201