Market Pulse – Phoenix March 2021

by | Mar 30, 2021 | Buying, Phoenix, Selling

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As we move on into spring, sellers continue to enjoy a strong seller’s market, and buyers face increased competition.

All stats below are based on End of Month in January vs February:

Homes on the market – 8,863 vs 7,365 (down 17%)
Average days on the market – 43 vs 41 (down 5%)
New homes on the market – 9,011 vs 9,217 (up 2%)
Homes sold – 7,355 vs 8,047 (up 9%)

View current market data

Seller suggestions

It is more important than ever to make sure you’re listing your home at the right price. Many sellers can expect to have multiple offers to choose from after just one weekend of being on the market. Don’t wait until the weather gets too hot. The seller’s market is strong but won’t last forever, so get on the market as soon as possible, now that the interest rates have started to rise.

Here are a few blogs that might help you as a seller:

Buyer suggestions 

Buyers and their agents are having to get extremely aggressive and creative in order to get homes under contract. We have had success reaching out to the agents of expired, withdrawn, and coming soon listings. We’ve also had success in reaching out to sellers who are selling their homes for sale by owner. Homes in these categories typically have less of a feeding frenzy because they aren’t on the radar of most buyers and their agents. 

Here are a few blogs that might help you as a buyer: 

Please note, if you buy with us, we split our buyer’s agent commission with you and give you back up to $6,000, and if you sell with us, we give you comprehensive, expert service for a low flat fee. And keep in mind, especially if you’re moving or you have friends in other states, that Trelora can help you in Atlanta, Charleston, Charlotte, Denver, Phoenix, Raleigh, Seattle, St. Louis and Tucson. In the meantime, please stay healthy and safe. 

Kind regards,

Brock Embree
Agent
Trelora – Phoenix

Christopher has been been in the Real Estate industry for 8 years and has had the opportunity to close over 1,000 deals while acting as the Managing Broker for thousands more. Christopher is passionate about continuing to find ways to simplify, maximize, and serve Trelora’s clients exceptionally well and spends his time building teams to deliver high levels of service. When not doing real estate Christopher can be seen training for marathons and ultra relays with his 2 year old daughter, eating pizza, and drinking a steady stream of Diet Coke.

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