With demand strong and a high monthly sales rate, the inventory is down to levels we haven't seen since 2005. With this change in balance you should expect prices to firm up. The number of distressed homes available continue to drop sharply, with active short sales down 8.4% and REO's down 14.3% in the last MONTH.
THIS MEANS.......When supply is down, the price goes UP!!
CALL THE EAST VALLEY REAL ESTATE PROFESSIONAL TODAY
Brent Hammonds
Brent Hammonds, Associate Broker, CDPE
Solutions Real Estate
Cell: (602) 717-3219
Fax: 877-500-1776
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