Take a look at the Phoenix market today compared to last year! Inventory is down 61% and competition among buyers is high. 🔥 - New listings are still not keeping up with demand and the purchase experience can be stressful, but it’s still a great time to buy. Compared to last year, the average sales price has risen 18% to $339,000. 📈 - Of the listings that came off of active or pending status, 90% successfully closed escrow while 10% canceled or expired. ✔️ - Bottom line is, for those who would like to reduce and stabilize their monthly housing expense with a historically low 30-year fixed mortgage rate, it’s a great time to buy. - If you're looking to buy a home, give us a call at (480) 405-6464 or shoot us a DM!