If you are waiting for the perfect time to sell in the Phoenix real estate market, you may have found that time. Inventory is low. Home prices are on the rise. Interest rates still low but are predicted to increase.
The National Association of Realtors is calling the Valley the hottest market for the new year. Nationally home prices rose in 2016 by approximately 6%. In 2017 home prices are expected to increase by only 3.9% which is lower, however considered healthy. In addition, new home builds are expected to go up by 10% in 2017.
Still not convinced? The National Association of Realtors looked at 100 US cities and ranked them based on appreciation of home values and the number of homes sold. Phoenix ranked number one with Los Angeles, Boston, Sacramento, Riverside, Jacksonville, Orlando, Raleigh, Tucson, and Portland rounding out the top 10.
If you would like to speak with Tom Smith about todays housing market, call or text him for the most immediate response. Tom Smith is a full-time real estate professional at RE/MAX Infinity and has helped people buy and sell homes in Chandler and the Phoenix area for more than 15 years.
TOM SMITH | Common Name, Uncommon Results | Call or Text 480-818-1384 | Email tom@TomSellsAZ.com | Search TomSellsAZ.com | Follow on Facebook, Twitter, Instagram
(source South Mountain District News)