Monthly Market Update

As we kick off the first quarter of the year, the real estate market is showing promising signs for buyers. Inventory levels are on the rise, giving homebuyers more options than we’ve seen at the start of a year since 2016. This increase in supply means that buyers can be more selective while still moving forward with their homeownership goals.

The Sweet Spot in Home Sales

For sellers, understanding where the strongest buyer demand is can make all the difference. Right now, the $400K-$800K price range is performing well, with particular strength in the $400K-$500K segment in many areas of both the West Valley and East Valley. Homes in this range are seeing steady movement, making it an opportune time for sellers who are priced competitively and prepared to meet buyer expectations.

What This Means for Buyers & Sellers

With increased inventory, buyers have more negotiating power than in previous years. However, well-priced, move-in-ready homes are still selling quickly, especially in desirable neighborhoods. Sellers should focus on making their homes show-ready—ensuring they are clean, staged, and priced to align with market conditions.

The Importance of Flexibility

For sellers, flexibility is key. Homes that are positioned well in the market and open to negotiations—whether it be closing costs, inspection items, or slight price adjustments—will have a better chance of going under contract quickly. Buyers, on the other hand, should take advantage of this increased inventory by exploring their options and working with an experienced real estate professional to secure the best deal.

Ready to Make a Move?

Whether you’re considering buying or selling, staying informed on market trends is essential. If you’re ready to explore your options, let’s connect and create a strategy tailored to your goals! Reach out today to discuss your next move.