While inventory has increased slightly year-over-year it remains relativelylow compared to the number of properties sold in April.
Prices Holding Steady:
Average sold prices are stable compared to February 2024. This suggests that even with a rise in active listings, buyer demand is still strong enough to support current pricing levels.
Absorption Rate:
There has been a slight increase in the Absorption Rate, indicating it may be taking a bit longer to sell properties compared to last year.
April 2023 = 2 months
April 2024 = 4 months
Overall, the market seems to be shifting slightly, with a potential rise in seller hesitation and increased buyer selectivity.
Thinking of Selling?
With inventory levels rising slightly but still historically low, this could be a good time to sell your property. Although buyer competition might be increasing, demand remains strong.
Considering Buying?
While there are more options available compared to last year, act quickly on properties that interest you. We can help you navigate the increased competition and craft competitive offers to secure your home.
Call, text or email us anytime:
928.732.4866
Two Off-Market Deals This Week
We have access to exclusive off-market deals that provide unique investment opportunities. We are currently working on two off-market deals that offer significant benefits, tailored specifically to meet our clients’ investment goals.
If you’d like to be notified about any off-market deals or coming soon properties, let us know.
