A Look Back At The Greater PHX Area's October 2018 Real Estate Market

Thinking of selling your Greater Phoenix area home but you'd like to crunch some numbers first before deciding? Well here's a snapshot of how the Greater Phoenix area fared in the past two months. 

Cancellations and listings expiring in October went up to 2,056 from 1,771 from the prior month but that didn't stop new listings from surging to 9,700 from 9,065, with active listings getting a boost from 16,829 to 18,333. The current supply is seen to support inventory for 2.5 months, up from September's 2.4 months.

Listing success rate went down a bit from 74.9% to 72.0% but homes now spend an average of 60 days on the market, 2 days less from the previous month. And while sold to list price ratio slightly fell from 98.9 to 97.8, the average sales price rose rising to $326,148 from $318,596.

Would you like to get your home sold for top dollar then? Why not take advantage of our new Ready to Sell program? We'll help you make the necessary repairs and remodeling (like new paint and new flooring) to make your home attractive enough for your target ROI. We'll assist you with getting the funds you need and any other work needed to get things rolling.

Sharla of Mesa took advantage of our new Ready to Sell program and she got a full price offer in just a few days after signing the listing agreement!

A Look Back At The Greater PHX Area's October 2018 Real Estate Market