The Arizona real estate market is showing signs of recovery as home sales begin to outpace last year’s numbers. According to recent data, a combination of stabilizing mortgage rates and increased inventory is attracting more buyers back into the market. Sellers are also adjusting their expectations, leading to a slightly more balanced market than previous months, although demand continues to outstrip supply in many neighborhoods.
Buyers are benefiting from a wider selection of homes, especially in popular suburban areas, as new listings hit the market this spring. Real estate agents note that homes are selling faster than earlier in the year but prices remain steady, allaying some fears of steep declines. As Arizona’s job market stays strong, experts predict the housing market will remain healthy, with gradual growth expected through the rest of the year.
Read the original Arizona home sales article.
