Tuesday, July 19, 2011

June 2011 Housing Market Reports

The June 2011 housing market reports for Maricopa County and its cities have been posted on our website. You can view local market statistics, trends, charts, and commentary from various reliable sources within the housing industry.


Real estate is local. National facts and figures may not pertain to the Phoenix area. What’s happening in one part of the country may be very different than what is happening here. Even what is happening in one part of the Valley may be very different than what is happening in another part of the Valley. Keep up with the local Phoenix area (particularly the Northeast Valley) real estate market by visiting our website.

We are currently in a “seller’s market” with less than a 4 months supply of inventory of homes for sale. Even so, the news media continue to talk about the forthcoming “shadow inventory”, which in fact has been shrinking steadily since the end of last year in the Phoenix area. Click here to see an easy-to-read chart

So, what does this mean for buyers and sellers? Housing prices should start to go up. Prices may remain stagnant for awhile until the job market improves, but eventually (some experts predict by the end of this year) the law of supply and demand will kick in and housing prices will rise.

Please click on the links below to see:

Maricopa County Housing Market Updates

AZ Real Estate & Business News

Our Listings for Sale

Our Listings for Lease

Search for Listings on the Actual, Live MLS System!

If you have any questions or would like any help, call Pete at (480) 229-6468

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