Tucson homebuyer bidding wars outpace metro Phoenix

Tucson homebuyer bidding wars outpace metro Phoenix

Valley real estate agents and homebuilders confirmed that they are seeing signs of the market cooling.
"We are seeing a slowdown of the bidding wars here in the Valley," said Keith Burton, REALTOR for The Rider Elite Team. "In July, we had roughly 11 days' worth of single-family home inventory. As of yesterday, we are up to 23 days of single-family home inventory.
Burton said he is seeing more new construction homes being delivered for new homeowners, adding inventory to the market.
"The mania has quieted a bit for sure," said Don Barrineau, Phoenix division president for Mattamy Homes.
*article courtesy of Phoenix Business Journal

Read Full Article

Work With Us

If you are a new home buyer, we know how to help you find that special place. If you are a seasoned buyer or seller and are looking for a new or second home, we have a few tricks we can show you. If you're selling your house, we'll get you the best price we possibly can.

Follow Us on Instagram