Nationwide, median asking prices continue to rise, reaching $189,900 in February. Meanwhile, inventories of for-sale homes on the market are reaching record lows, Realtor.com reports in its latest analysis of February MLS data. The markets seeing some of the largest increases in asking prices are the areas seeing some of the largest declines in inventories. California housing markets continue to post some of the largest price increases in the past year, but other strong performing markets also include Phoenix, … [Read more...]
Archives for March 2013
Homes Selling Faster As Buyers Outweigh Supply
March 19, 2013 by Leave a Comment
According to Realtor.com, homes sold faster this February than any other February since 2007. This should be very familiar to Phoenicians who have sold or bought a home in the last year within the valley. Homes in Phoenix, Arcadia, Scottsdale and most cities within Maricopa County have seen days on market numbers plunge and within certain price ranges, seen multiple offers the day a property is listed. Investors have definitely exacerbated the situation as they have come into the market with cash offers making … [Read more...]
5 Cities Where Houses Are Still Cheap
March 12, 2013 by Leave a Comment
Buyers have been rushing into Phoenix in search of big deals. Short-sale purchases increased 43% during the fourth quarter of 2012 compared with a year prior, according to RealtyTrac. It’s not just investors who are behind the trend. Owner occupants are also competing for these properties. Given the competition, experts say, buyers looking to pick up a short sale will have a better shot if they come to the table with an all-cash offer. But real-estate agents warn that the window of opportunity to snatch up … [Read more...]
