The Arizona homes prices have been hotter than hot this summer. Will it slow down this fall?
No way. The hot housing market shows no sign of a slowdown.
Is now the time to sell your house? How long will this incredible market boom last? If you are ready to sell, what’s the best way to start the process?
These are common questions right now … We’ve got answers.
Cash For Homes Arizona has extensive experience in the Arizona real estate market. We want you to be able to make the most informed decisions possible with your house. That starts with understanding the market. Keep reading to learn more…
Fall 2021 Arizona Home Prices
How’s the market doing in fall 2021?
Well, first off you must consider that the market is ruled by supply and demand. If there’s a lot of supply and little demand, prices usually go down. If there’s a lot of demand but little supply, prices usually go up.
In recent months, Arizona has found itself in the latter situation. There’s not much supply, but there’s a ton of demand.
As of a few months ago, parts of Arizona were down to as little as an eight-day supply — compare that to the typical six-month supply.
Things have gotten a little better since then, but houses are still selling fast. According to Redfin, in August 2021, Arizona house prices were up 24.1% compared to the same period one year prior.
Fall 2021 Real Estate Trends
What are some of the top trends for fall 2021 in the Arizona real estate market? Let’s explore…
Continued low inventory: The inventory issue persists! While there have been some signs of improvement, inventory is still at record lows. That means buyers must be more aggressive than usual.
More new residents: Remote work exploded over the past year and a half. For many people, it meant greater freedom to live where they wanted. For many people, Arizona was a natural pick. It’s not hard to see why — it’s sunny and beautiful, and there’s plenty of great culture. The influx of new residents is contributing to the ongoing demand for housing.
More investment properties: Part of why inventory remains so low is that people are choosing to hold on to their houses and rent them out rather than sell them.
Continued price increases: Many sources believe that prices are only set to continue going up over the course of the fall and even into 2022.
Ready to Sell Your Arizona Home?
It’s definitely a seller’s market. Are you interested in putting a house on the market? It’s a great time to fetch a great price for your property. But first, here are some things you should know:
Selling a Home in Arizona
If you’re ready to sell your Arizona home, you’re probably wondering how to get the ball rolling.
The traditional home-selling process — hiring a realtor, dealing with repairs, and negotiating a price with a potential buyer — is one way to go about it.
But it’s also time-consuming and expensive. If you’re not up to the task, you may want to consider a cash sale.
That’s a sale that’s not contingent on financing.
At Cash For Homes Arizona, we make fair cash offers on houses in Arizona. We pay cash and make the process as fast and simple as possible — we typically even buy homes in “as-is” condition.
Want to learn more? Read this post to learn how the process works and what we do.
Conclusion
The hot summer market in Arizona isn’t cooling down this fall. If anything, it just continues to sizzle! There’s no sign of a slowdown in sight. For sellers, it’s a great time to put your house on the market…
If you’re ready to take advantage of this hot market in Arizona, reach out to Cash For Homes Arizona. We’d love to help you make your home-selling dreams a reality!
Are you ready to sell your Arizona home?