Fueled by optimism, residential real estate heats up

By Michael Gossie | AzBigMedia

“You can never have too much of a good thing,” or so the saying goes.

But that’s not true when it comes to residential real estate in Metro Phoenix.

“Arizona continues to have a shortage of listing inventory, especially less than $300,000,” says Trudy Moore, designated broker at HomeSmart. “First-time home buyers make up a large sector of the market and there are just not enough listings to fulfill the need. If a property is listed under $300,000 and it is in good condition, it will probably have multiple offers within a few days.”

Phoenix isn’t just hot, it’s sizzling when it comes to residential real estate.

Continued:

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March 18, 2017

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