Realty Times - Phoenix Metro, Arizona Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Arizona > Phoenix > Phoenix Metro

Market Conditions Summary for Phoenix Metro in Phoenix, Arizona

Reported by

Jeff Orofino
as of 1/16/2012:

If you need to sell, this market is a market in which homes are moving if the home is priced correctly. When you do sell, any downsides you may experience can possibly be offset by the opportunities that exist when buying your next home at a great... MORE->
About Jeff Orofino

Reported by
Kelli Grant
as of 12/5/2011:

It's a great time to buy real estate in Phoenix, Arizona. Stats show that the Phoenix metro area may have hit bottom in 2011. The typical Arizona home is now valued at about half of what it was five years earlier. Inventory is also about 40% less... MORE->

Reported by
Dean Benigno
as of 6/29/2010:

Sales numbers continue to be very strong and by all historical benchmarks we are in a strong seller's market and should ordinarily start to see price appreciation. The reason we won't is that "short sales" continue to drive our local market and... MORE->

Average Current Market Rating: 2 (3 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.7 (3 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Arizona > Phoenix > Phoenix Metro

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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