Last month, the National Association of Realtors (NAR) reported that housing inventory was down 4.7% from the same time last year and that the month’s inventory of homes for sale stood at 4.8 – far below the six months necessary for a normal housing market. Why is there such a shortage of inventory?
The real Estate Inventory up-date for the city of Litchfield Park for Residential properties by ARMLS: Total active residential listings are 150 units. As of September 17th 2015 we sit at 167 Actives for All Property Types. Pending Sales are 76 as of Sep. 2015.
Active Listings and Sales in Maricopa County: Total active single family- Detach listings As of Sep 17th we sit at 16114 Pending sales are 8908 Traditionally, 3-4 months of supply indicate a balanced market.
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly.
After all 15,315 houses sold yesterday, 15,315 will sell today and 15,315 will sell tomorrow.
Search Results: 202 Properties
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