It's been exactly 2 months since I posted "ARMLS: 16,586 Active listings in Maricopa County (and Falling?)". Since then, active listing counts  decreased by nearly 1,000 (5.8%).

Active Listings in Maricopa County- 8/8/15

But why should I care? What does this actually mean?!

Let's consider simple economics, assuming conditions stay unchanged for the next 6 mos:

  • If supply continues to decreases and demand increases, prices will also increase
  • If supply continues to decrease, even if demand stays the same, prices should rise modestly

Let's take a look at buyer demand for real estate:

Cromford Report Buyer Demand IndexDemand has been pretty flat for the last few months, but note the trend upward since about Feb. 2014.

Let me break it down for you:

  • Buyers- it's not getting easier to buy a home. Plan ahead and keep your prequal updated. Do something sooner than later so you don't have to compete with snowbirds, who will be here in about 2 mos.
  • Sellers- spruce up your home and get it ready to sell- the market is saying that it's ready for you.

Whatever you decide... be prepared and contact me to represent you so you'll have a sound plan and agent ready to execute! I'm only a call away!!


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