Excerpt from: Greater Phoenix trends and statistics
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| May 15, 2008 | | Phoenix buyer activity is up and good homes are selling. | In the last month buyer activity has increased. It not only the calls and email inquiries its also that there is buyer competition for well priced properties like, income properties like small multifamily apartments, homes for rentals and even just regular homes for owner occupied buyers.
It happens often that we call on a property and hear, "we just received an offer", of "we are expecting an offer today" or "the property is pending" or "we are negotiating an offer". Last month, i April, we sold through around 10% of the current inventory. That's quite a lot for for this market. Unlike a the last few quarters buyers need to quick once they find a good property, because it's likely to be shortly sold. | | | |
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