Q: How Is Our Phoenix Market Doing?

Imagine: You’re talking to a friend about real estate, and they say, “I heard from the news that sales are way down. I don’t know if it’s a good time to do anything with your home.” They’re not wrong on the first part; there’s been a 31% decrease in sales, but that’s because it’s hard to sell homes if fewer homes exist on the market to be sold. Today we’re explaining why sales are a lagging indicator in the market, and why Arizonans should be focusing on the leading indicator, pending sales, which are now well beyond 10,000 in the Phoenix area. To learn more about what’s going on at this very moment in the market, watch our latest video.

Learn more: https://www.phoenixmetrohomesource.com/blog/article/q-how-is-our-phoenix-market-doing/bl2f336a4bec6042