December 18, 2024 11:14 am
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Nearly one-fifth of Phoenix sales close above list price

By David Meek | The Arizona Report

According to The Cromford Report, the greater Phoenix residential real estate market now “favors sellers to the greatest extent since 2005.” One of the main contributing factors? Available housing inventory for sale in the MLS is at its lowest level since that time.

For example, within the city limits, Phoenix only has 3,002 active residential listings this week. You would have to go back to 2004 (2,759 active listings) and 2005 (2,256 active listings) to see fewer homes for sale during the third week in August.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.