Phoenix home sales are down, but so is the number of houses listed for sale. The combination is stabilizing the market, according to experts.
House hunters hoping to take advantage of a buyers' market in metro Phoenix might have missed their chance., but so is the number of houses listed for sale. That combination is stabilizing the market, according to local real estate analysts.
She said December’s numbers on sales and prices won’t be great. But, based on pending contracts, a pickup in the market is starting. About 50% of metro Phoenix houses to sell in December included seller concessions. The typical concession was about $10,000.Tamboer said metro Phoenix’s median home price is actually $5,000 lower than the figure tracked by closed home sales due to concessions.Homebuyers finding deals in Chandler in early December aren’t seeing the same ones now.
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