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By Monique Walker

Monique Walker has 21 years of experience successfully buying and selling homes in the Phoenix market. She knows the neighborhoods, schools, and the local economy. Monique and her team do all the leg work, keeping you up-to-date with new listings and conditions as they impact the market.

Let’s Explore Your Selling Options. I’ll help you sell your home at the price and terms you want. Free Selling Strategy Call

Today I have a brief market update with all the latest numbers for Phoenix real estate. 

In July, we had 11% fewer sales and a 3% rise in inventory compared to July 2020. This means we have a little less demand and a little more supply. However, demand remains high, and inventory is low from a historical perspective. We only have 1.5 months of inventory right now. Our market has cooled off a little bit, but it’s still hot.

“Every micro market is a little different.”

Here are a few examples. We listed a home for $525,000 in Old Town Scottsdale last week and were able to sell it for $580,000 after receiving multiple offers. Another property in North Phoenix received just three offers at $340,000,  but we sold it for $350,000. 

Every micro market is a little different. If you have any questions about what’s going on in our area, give us a call or send us an email. The market is starting to cool, so the time to sell is now. I look forward to hearing from you soon.

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