With inventory as low as it is today, finding market value isn’t rocket science. Home buyers in the Phoenix area are sifting through far fewer properties today than in years past to find their dream home. For this reason, homes priced correctly are selling faster and for more money than those that were overpriced from day one! The first 14 days on market are critical. Work with your REALTOR® and come to market with a plan. Know the comps, and don’t get too attached to a number. Remember, price and condition sells homes in todays’ market.
2018 is not going to be any less competitive for buyers in general. The market is starting out with 14% fewer listings compared to 2017, however there are 35% fewer listings under $200K, a price range that commands 34% market share of all MLS resales in Greater Phoenix.