Phoenix Real Estate Update – September 2011
If you thought buying a house was tough in August, just wait to see what September has in store. Inventory continues to decline – 2.3 months total available with only 1.6 months supply of short sales and 0.9 months supply of bank-owned properties. That’s not a typo! At this moment, there are only 3013 active foreclosure on the market – that’s it. Based on current foreclosure activity and short sale volume, the market looks to remain a seller’s market for the foreseeable future. Despite the similarities to the tight 2005 real estate market, prices remain flat. Good luck buyers!
Video Rating: 5 / 5
www.phoenixbankowned.com – Video explains in detail the current real estate investment market in Phoenix, Arizona.