After more than 5 years in a down market, the Arizona real estate market finally seems on the brink of a recovery. Real estate inventory levels are beginning to decrease rapidly and we are seeing multiple offers on well priced value properties. Prices remain at near all time lows, yet price is a lagging indicator.
What this means is that when the market is in the midst of a rebound, an uptick in prices is the last thing to come around. Rather than trying to time the market, smart investors are snapping up the best properties now and will be in the best position to either hold their properties for the long-term or “flip” them for a profit once prices begin to rise.
Do you have questions about the Arizona housing market?
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