Phoenix homeowners have kept a close watch on the housing market with a certain air of disappointment. Chances are they had high hopes for their homes. For most people the idea behind home ownership is to buy a home, live there for as long as the location and characteristics of the home suit their lifestyles, and sell the home years down the line while pocketing a little extra built-up equity — or using it to buy a better home. Time is running out to short sale and avoid possible tax liability.

Prices on Downtown Phoenix homes have been steadily rising for the past year. When inventory goes down, prices go up (you probably learned that in your high school econ class) But, that’s not bound to last. Home builders are ramping up quickly. So, the rising prices will level out a little later this year.  People are buying in the late spring and summer for job relocations and to close in time to get kids in to new schools, etc.

So if your looking to sell your home, now’s the time. I truly enjoy helping people make smart real estate decisions. Call today