In this Week’s Real Estate Minute (REM) Andy Nazaroff, CEO of Guarantee Real Estate explains that for the first time in three years the Valley’s housing market has entered neutral territory! This means the market is currently demonstrating a balance between buyers and sellers.
Take a brief look at the graph down below. It shows a 20% increase in inventory from one year ago.
This is great news for buyers and sellers. More inventory indicates more choices for buyers, and more inventory increases the chance for homeowners to sell at a normal price range.
CONNECT with a Guarantee Realtor® today!