The Phoenix Housing Market Is Finally Getting Back to Normal

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.

If you’ve been following Phoenix real estate lately, you’ve probably heard that it’s too expensive, that it’s crashing, or that it’s a bubble. I heard all three this week from the same person. I’m in these houses, though, and what I’m seeing on the ground doesn’t match any of those labels.

More inventory doesn’t mean a crash. Phoenix has more inventory than in years, homes are sitting longer, and some sellers are cutting prices. All of that is real, yet none of it adds up to a crash. What we’re seeing is a market that was very tight for a long time finally loosening up.

Buyers finally have room to breathe. If you’re buying, the balance has shifted back toward you. You can inspect the home, negotiate with the seller, and actually breathe through the process. Phoenix also isn’t too expensive if you know where to look.

Sellers need honest pricing from day one. If you’re selling, price your home honestly from the start, because the days of list and pray are over.

Phoenix isn’t crashing, and it isn’t a bubble. We’re simply back in a normal market, and we forgot what one looked like.

If you want to know exactly what’s happening in your neighborhood, I’d love to help. Call me at 602-413-8195, email Monique@MoniqueSells.com, or visit moniquesells.com. I look forward to hearing from you.