BREAKING NEWS: The Valley Is Now A Buyer's Market

Breaking News in the Valley  - as of November 14th, the Cromford Market Index for all areas & types has just slipped below 90. So what does that mean?

This means we are officially declaring a buyer's market!

The majority of the market has been propped up by the relative health of the luxury sector. With most of the Northeast Valley now surrendering to the widespread downturn we have an overall reading of 89.9 on the Cromfort Market Index.  However  Fountain Hills, Scottsdale, Paradise Valley and Cave Creek are still above that 100 mark and holding out as a seller's market. 

A flicker of positive finance news: mortgage rates dropped last Friday. New contract counts are up a little and we also have a slight increase in incoming new listings. This probably won't change the balance in the market much, but it might increase transaction volumes, which would be welcomed by many.

So, if you’re looking to buy a home now is the right time with lots of inventory and opportunity to negotiate a fair price. If you’re selling, buyers are looking for homes like yours but you need to work with an agent who will price your house competitively and do excellent marketing to get you top dollar.  Get in touch with me today!