As the holiday season quickly approaches, retailers brace for their most important quarter of the calendar year.
In real estate, this is certainly not the case, as many home sellers are reluctant to make their homes available to prospective buyers during the holidays, with many pushing the selling process back until the beginning of the New Year.
Phoenix is certainly no exception to this rule and coupled with sluggish buyer demand, this holiday season promises to be a slow one in real estate.
“It’s pretty quiet,” said Arizona State University Director of Real Estate Michael Orr on his weekly appearance on That Real Estate Show. “‘Subdued’ is the word I’d probably use for the current market.”
If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com