Thursday, April 23, 2020 / by Vyral Marketing
These are difficult times, but real estate is still moving. Today I’m sharing some promising signs from our Phoenix market.
Many people ask the question, “When the market’s going to crash?” Truthfully, it will only crash if demand dies down and supply increases. On the supply side, we have 14,000 homes on the market—a slight increase from 11,000 last month, but historically speaking, our norm here is 30,000; we went into this pandemic with extremely low inventory, which now serves as a barrier keeping home prices healthy.