Free Phoenix Real Estate Market Information
According to the National Association of Realtors report for the 1st quarter of 2018:
- Home prices in the Phoenix Metropolitan Area are enjoying a steady rise
- In the US over 68% of all distressed property puschases were made by investors
- The market is evenly balanced between a buyer's and a seller's market at present
- The unemployment rate in Maricopa county has fallen steadily since 2012
- This should increase buyer confidence and fuel home purchases
- Home prices are projected to increase steadily thru next quarter
- Home sales are projected to increase steadily thru next quarter
- New homes built were up 25% over last quarter, and are expected to increase next quarter
- The average sale price of homes increased in almost all zip codes
As you can see from these data, home values continue to increase. There are good prognostic signs in that employment is up, and buyer confidence should continue to improve. Since the inventory of unsold homes is shrinking, and market interest and confidence continue to increase, competition for unsold homes should increase. This creates an urgency for real estate investors to expand their portfolios while opportunities to do so still exist.
Let us help you take advantage of the abundant opportunity that the Phoenix real estate market offers!
For a FREE portfolio consultation, call us at 602-944-RENT, or click on Contact Us above.
» Search available rental homes
» Learn more about our services