PHOENIX METRO AREA: May Market Update

May market update:

Things are heating up in the Arizona real estate market…again.

The Phoenix metro area saw a significant boost in sales and sales prices slightly followed suit. Due to limited inventory, the average days on market window continues to narrow. Month over month these are all signs of a healthy market. We are still seeing multiple offer situations happen on desirable properties that are priced correctly. Dare we call this an actual seller’s market?

The Pontikas Team, partnered with RETSY and Forbes Global Properties, prides ourselves on having local expertise and global reach which enables us to help all of our buyers and sellers win in the current market. Wondering what this data means for you based on your specific situation and needs? Let’s connect and discuss!