By Frank Aazami | AZ Big Media
Listing success rate is down to 70%, the lowest we have seen for more than a dozen years, according to our sources at Russ Lyon Sotheby’s International Real Estate, Scottsdale. The fall-out rate has dropped dramatically — from 8% to 30% just within the last four months. And that goes for Metro Phoenix luxury homes that are on the market.
As a result, buyers can feel empowered: Their dollars buy more, and they can buy the home they want at an improved price or buy a home that’s larger or has more features than the one they might have purchased even a year ago.
