In some cities, the real estate market balance has shifted slightly. The cities of Paradise Valley, Fountain Hills and Scottsdale have seen the strongest swing in sellers’ favor this month. The fact that our higher-end cities are finally experiencing strong growth is a further sign of a healthy, robust market driven by low inventory at the bottom/middle.
Please remember that these numbers are relative numbers, and any slight declines indicate more a flattening and not the beginning of a true market shift toward buyers. All indications are that we are still in a strong seller’s market.
As always, if you are a buyer or seller, please reach out to your real estate agent–they are your best source of timely market data, right down to your neighborhood!