sellers

What does this Low Inventory Market mean for Sellers?

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A couple days ago, we had an office meeting, discussing the low inventory in the market, and Dave, our Designated Broker asked:   What would you say to a Seller in this market. My immediate response was:   Don’t get cocky.      I got some confused looks from some of the other agents in the meeting, but let me explain:   Yes, this is a SELLER’S MARKET, and if… Read More »What does this Low Inventory Market mean for Sellers?

The Challenge of Seller Concessions in a Low Inventory Market

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1,452.   One Thousand, Four Hundred and Fifty Two. That’s the total number of Active sale listings for Single Family Homes, under $250,000, on the Phoenix area Multiple Listing Service.   Those are the homes that I would consider “Starter homes” or “First Time Buyer Homes”. That is an alarmingly low number, making it very difficult for First Time Buyers, who are either voluntarily in the market, or involuntarily, since… Read More »The Challenge of Seller Concessions in a Low Inventory Market