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.
