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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 We have had success reaching out to the agents of expired, withdrawn, and coming soon listings.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 1%. 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
Trelora – Phoenix

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The information contained in this blog is for general information purposes only, and while believed to be accurate, Trelora assumes no legal responsibility for accuracy. Information provided within should not relied upon as legal advice. Please consult with your local advisors for independent information regarding availability and applicability in your market.