Greater Phoenix Area Real Estate Agent: The July Market Update

Greater Phoenix Area Real Estate Agent: The July Market Update


– Hi, this is Jason Penrose
with The Penrose Team at RE/MAX Excalibur. Thanks for tuning in to Jason Penrose TV. Today we’re talking about the real estate market July, 2019. There have been some
big changes this year. Stay tuned to learn more. (upbeat music) Thanks again for tuning
into Jason Penrose TV. Today, we’re recapping July, 2019. We had 8,742 homes come
on the market this year, versus 9,090 last year. That’s a 4% decrease in new homes coming on the market. Active inventory: 17,356 homes this year, versus 17,695 last year, a 2% decrease in active inventory. Homes sold: 9,344 homes, versus 8,544 homes last year, a 9.3% increase in number of homes sold. Months supply of inventory: down to 1.86 months from
2.07 months last year, a 10.2% decrease in the
months supply of inventory. What are we seeing here? We’re seeing that sales are up, a 9.3% increase in number of homes sold. Months supply of inventory
is under two months supply. That’s crazy! So what you have right now
are super-low interest rates. The Fed just cut rates again. Buyers wanna buy now while rates are low, so they can lock in their payment. But there’s not enough homes
on the market for sale. Smart sellers are deciding to sell now and take advantage of the super-hot market and the low interest rates. So they’re getting top
dollar for their home, and they’re able to
relocate and lock the rates while they’re low and
trade up or trade down to whatever type of home they want. This is a great time to make a move. In summer, a lot of homes sell. If you know anybody who
wants to buy or sell a home, please pass on this video
and my information to them. Call me with their information. I would love to reach out and say hello. My cell phone number’s 602-738-9943. Having sold real estate for over 20 years here in the valley, having the great fortune of helping just under 1,700 families buy
and sell real estate, I have a lot of experience I can share with your friends and family. Feel free to pass on my information. I look forward to hearing from you soon. Make it a great day. (cheerful music)

One thought on “Greater Phoenix Area Real Estate Agent: The July Market Update

  1. I Enjoyed The Video. Keep The Content Coming 🙂

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