The Flagstaff Real Estate Market Continues to Present Fantastic Opportunities for Buyers and Sellers

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Now, it may seem that it is not possible to have a buyers’ AND sellers’ market but truth be told, we are definitely leaning toward that phenomenon. With our inventory levels lower than they have been in ten years – sellers are starting to enjoy the perks that come from heightened demand in the marketplace. It turns out that fewer homes, combined with great interest rates and buyers’ post-election pent up demand – results in more money in sellers’ pockets. We are also seeing multiple offer situations and in some cases if it’s a great home that is priced well, we are even seeing some price wars.

From a buyer’s standpoint, what better time could you find to buy a home than when interest rates are in the low 3 percent range? Combine that with reasonably low prices and the relaxed lending practices these days then you will quickly realize it’s a win-win combination for all. You can get so much more house for the same amount of monthly payment – and very surprisingly, it’s largely because of interest rates plus depressed prices.

If you know of anyone that is considering selling their homes – we want to hear from them! The market needs more homes for sale. Trust me, they will thank you for it!

As always, I welcome your calls, emails and visits for any of your real estate needs and look forward to helping you achieve your real estate goals!