KTAR
Now that Thanksgiving has come and gone, the Phoenix real estate market goes into a hibernation state of sorts.
Historically, the real estate market during the holidays is fairly quiet, as homeowners and prospective buyers put more emphasis on their holiday plans than they do on buying or selling a home. According to Arizona State University Director of Real Estate Michael Orr, this holiday season is no exception.
“(The market) is behaving as expected,” said Orr on his weekly appearance on That Real Estate Show. “Inventory tends to go down from Thanksgiving through Jan. 2.”
The question after Jan. 2 then becomes whether Phoenix’s subdued buyer demand will pick up again.
