Market Update 7/24/20

This week's market update for Phoenix real estate covers the low inventory of houses on the market and why that is. We are seeing buyers grow frustrated with the low inventory, especially in the Phoenix heat. This is a great market for sellers right now because the inventory is so low, many buyers are offering above asking price just to guarantee the buy. This is not the best market for buyers with so few options available in the valley as was a whole. Also, with the current state of the economy due to COVID-19, assistance programs for down-payments and closing costs are completely out the window right now. This video can help you navigate through the tough decisions of whether or not it is the right time to buy or sell and further clarify where we think the industry is headed in the coming weeks and months. Make sure to watch the full video below and if. you have further questions about Phoenix real estate or Phoenix property management, make sure to contact our team today!