Phoenix's Real Estate: Seller vs. Buyer Markets

By The Goodman Taylor Team

We want to help you live the best life you can, one where you find your dream home, move to the perfect location, or receive a life-changing deal. We’ve done this for countless clients in the past, and we’d love to do it for you too. After all, there’s a reason why we’re one of the most trusted real estate teams in our area.

The real estate market in the Phoenix Metro area, including cities like Gilbert, Chandler, and Scottsdale, is currently experiencing a slight seller’s market. This dynamic gives sellers a distinct advantage over buyers. For those eyeing properties in these areas, be prepared to meet the list price. Additionally, sellers may not be inclined to contribute toward closing costs, and you could find yourself in a competitive situation with other buyers.

On the flip side, areas like Maricopa and Queen Creek are witnessing an extreme buyer’s market. Here, opportunities abound for buyers to potentially purchase below list price, negotiate for sellers to cover closing costs or even secure assistance in buying down interest rates for added savings.

However, the real estate landscape varies greatly depending on the specific location, price range, and your intended timeframe for purchase. This underscores the importance of consulting with an experienced real estate professional. Our team brings a wealth of knowledge and expertise to the table, ready to develop a personalized strategy to ensure you make the most informed decisions without overspending in this fluctuating market.

If you have questions about the market in your area or are ready to buy or sell, please feel free to reach out to us by phone or email.