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Market Update

A market update for Las Sendas, North East Mesa, and East Valley residents who want to keep an eye on the market!

November 20th Market Update

Connor Bearse

Although the total supply is well down from last year, all of that decline is in the price ranges below $225,000, as illustrated by the chart below, which is for all areas & types:

Above $225,000 we now have more supply than at this time last year. Sellers should therefore be careful not to over-estimate their bargaining power if they are priced over $225,000. This is particularly true of price ranges over $1 million where demand has become much weaker since August.