(Published on - 5/3/2018 4:24:58 AM)
2017 was a good year fro the housing market for homebuilders. In fact, we saw higher home sales, prices and agents out in the market place making deals.
The Valley saw an increase in both new home and resale homes over 2016, though there was a limited resale inventory. However, the trends say resales homes were up 7% in December of 2017.
Not only have we seen an increase in the market, but we have also seen an increase in buyer seeking to capitalize on the hot market. Let's face it, our area is somewhere people want to be.
There was also an increas in agents in the area. A positive sales year, always encourages people to get their Real Estate license.
Can there be too many agents in an area?
HomeSmart International thinks not, mainly because the trend hasn’t been seen in other markets.
For instance, markets like California that entered the downturn earlier (in 2010 or 2011) than Arizona recovered first and are now ahead in market growth. They have yet to see any indication of agents requesting higher commissions.
According to Wendy Forsythe, COO of HomeSmart “This may be because, from a seller’s perspective, limited inventory means properties sell faster, requiring less time, effort and expense from an agent.”
2018 is on track to be a healthy year as far as the market is concerned.
Let's face it, it is still the American dream to purchase and own your own house. People will always strive to achieve this.
We'd love to be the agents to help them accomplish this.
Have a great day.
Chris and Dawn