Buyers Beware, The Phoenix Market Is Not In Your Favor Or Is It?
Posted by Artur Ciesielski on Thursday, July 7th, 2011 at 9:57am.Over at Phoenix Market Trends there is more in-depth review of the June 2011 Phoenix real estate market.
A quick look at one of the graphs indicates, at least, by the numbers a market in favor of the seller. 2.9 month of supply when generally accepted balanced norms are 4-4.5 months, very high demand on the street and a dwindling supply mean added competition from other buyers, but in reality it's not as wild as the number show it should be.
Graph is posted via Phoenix Market Trends from an original at The Cromford Report.
The inset lower right graph is one indicating seasonality in the Phoenix real estate market.
Artur Ciesielski | 602.492.8004
Artur is a Realtor and partner with inPhoenix Realty Group and an aspiring flaneur, currently in Phoenix or elsewhere when time allows, which is rarely. You can find him running up miles on this car, cycling the urban streets, in the office on Central or working at one of the many coffee shops in Central Urban Phoenix.
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