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What's going on in the greater Mohave County area marketplace? This is a question we get often and one we'll try to answer here today.
Many people want to know who our local market favors (buyers or sellers). To determine that, it's crucial to take a look at inventory. The market favors buyers when there is a lot of inventory for them to choose from. When inventory is scarce, the market favors sellers. Right now, inventory is right in the middle, leaving our market balanced and giving neither buyers nor sellers a distinct advantage.
There are currently 320 homes on the market, which is very stable. At the peak of the market we were around 700-800 and at the market's low we had about 250. Now that sellers are pushing up prices a bit, inventory is beginning to rise.
Right now, interest rates are still near historic lows. This is great news because in many areas of our market, you can buy a home for cheaper than what it would cost to rent. A lot of people are unaware of how great our current market is and of the many opportunities available to them.
As a whole, the Mohave County market is in excellent shape. If you would like to take advantage of current conditions, please don't hesitate to contact us. We're here to help you!
Many people want to know who our local market favors (buyers or sellers). To determine that, it's crucial to take a look at inventory. The market favors buyers when there is a lot of inventory for them to choose from. When inventory is scarce, the market favors sellers. Right now, inventory is right in the middle, leaving our market balanced and giving neither buyers nor sellers a distinct advantage.
There are currently 320 homes on the market, which is very stable. At the peak of the market we were around 700-800 and at the market's low we had about 250. Now that sellers are pushing up prices a bit, inventory is beginning to rise.
Right now, interest rates are still near historic lows. This is great news because in many areas of our market, you can buy a home for cheaper than what it would cost to rent. A lot of people are unaware of how great our current market is and of the many opportunities available to them.
As a whole, the Mohave County market is in excellent shape. If you would like to take advantage of current conditions, please don't hesitate to contact us. We're here to help you!
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