June 25, 2014
YES… It’s getting hotter in the desert! The summer is here with daily temps above 100 degrees, and the market appears to be heating up. I’m seeing positive and much needed changes in the market. Over the past week my daily review of the MLS HOTSHEET has been encouraging; with inventory continuing to drop with a healthy balance between new listings coming on the market and listings going into escrow. Versus the past 6 months with 3-4 times the amount of new listings verses new escrows. Many motivated sellers have drastically reduced their prices to attract picky hungry buyers looking for deals, along with some of the inventory (mainly luxury homes) dropping off for the summer. From everything I can see, this will be a fantastic summer selling season with motivated buyers concerned about over-paying next season, plus those taking advantage of remaining historically low mortgage rates which we know will soon be on the increase, and finally, sellers highly motivated to get their homes SOLD. If your home is NOT selling, I cannot reiterate enough… to consider a price adjustment that will attract serious buyers in this market place, and get your home SOLD. In the meantime, enjoy these beautiful mornings and warm days before we get our HOT Summer weather soon to come. If you have questions or concerns, please feel free to reach out and call me.