# @realty.85 on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CLueZmDlNWm
- **Gondola URL:** https://gondola.cc/posts/142612-realty85-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/c03e7086d7.jpg
- **Posted:** 2021-02-25T19:01:32.000+00:00

## Caption

Take a look at the Phoenix market today compared to last year! Inventory is down 61% and competition among buyers is high. 🔥 
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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. 📈 
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Of the listings that came off of active or pending status, 90% successfully closed escrow while 10% canceled or expired. ✔️ 
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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. 
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If you're looking to buy a home, give us a call at (480) 405-6464 or shoot us a DM!

## Stats

- **Views:** 0
- **Likes:** 20
- **Shares:** 0
- **Comments:** 1

## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Desert North Realty | @DesertNorth | https://gondola.cc/DesertNorth | Marketing Manager |
| Matthew Andujo | @_matthewandujo | https://gondola.cc/_matthewandujo | Content Producer |

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