🏡 First, it’s no surprise the Phoenix Metro housing market has been booming for quite some time!! Some would suggest we might, or have already, see some slowing and price “correction”, and if not, it is coming. What do you think?
💰Additionally, for many homeowners that have sold in the last several months, it has been a good run 😁 What we are experiencing in the financial markets has put us in quite the roller coaster ride. So, for those who have been trying to buy there is still a feeling of defeat due to prices, interest rate changes, inflation, etc… On a positive note, Buyers that were in a solid position to compete in this crazy market didn’t slow down a bit. The roadblock continues to be low inventory.
💰 March home sales jumped 32.2% over February and the median sales price rose to a record of $360K, nationally, according to RE/MAX’s National Housing Report. In Phoenix Metro, our median sales price skyrocketed from $360K in Mar. ’21 to $463K in Mar. ’22!! That’s the third largest increase seen in the nation.
💫 In the snapshot I’ve provided, we are looking back at the housing stats for March in the Phoenix Metro area. Call me today and we can discuss what your home could sell for or how I can help you achieve your real estate goals!!🏝 Make sure to check out my home search site on https://arizona.lisamcnealy.com/scottsdale/ to find your new dream home or https://arizona.lisamcnealy.com/valuation-form/ to find out what your current home could be worth 💫
