AriZona Real Estate insider!

The Phoenix-area condo market has seen some exciting shifts recently! Whether you’re a buyer, seller, or just keeping an eye on the market, here’s the latest update.

This report is brought to you by PhxCondosForSale.com, your go-to source for Arizona real estate insights and opportunities.

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📍 Phoenix Condo Market

🔼 Months Supply of Inventory: 7.21 (Balanced Market!)
💡 This is up by a whopping 158.42% compared to last year, showing inventory growth.

🔽 Median Days on Market: 59 days
⏳ Homes are still moving fast!

🔄 List to Sold Price Percentage: 98.2%
💰 Sellers are getting close to their asking price.

🏷️ Median Sold Price: $325,000
🎯 A sweet spot for both affordability and value.

✨ Key Takeaway: A balanced market where homes sell quickly and close to list prices. Perfect time for both buyers and sellers!

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📍 Scottsdale Condo Market

🔼 Months Supply of Inventory: 6.93 (Still Balanced!)
💡 Up by 109.37%, hinting at more options for buyers.

🔽 Median Days on Market: 49 days
⏳ Even faster sales than Phoenix!

🔄 List to Sold Price Percentage: 97.5%
💸 Almost hitting the mark on asking prices.

🏷️ Median Sold Price: $468,000
💎 Higher-end market, but still moving swiftly.

✨ Key Takeaway: Competitive and fast-moving. Buyers need to act quickly; sellers can expect strong offers!

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📍 Tempe Condo Market

🔼 Months Supply of Inventory: 5.29 (Slightly Tighter Market!)
💡 But up 133.04%, showing more condos becoming available.

🔽 Median Days on Market: 55 days
⏳ Quick sales keep things lively.

🔄 List to Sold Price Percentage: 98.8%
💰 Highest percentage in the region!

🏷️ Median Sold Price: $370,000
🏡 A comfortable mid-range price.

✨ Key Takeaway: Great balance for buyers and sellers, with properties selling quickly and at top dollar.

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🎉 Final Thoughts

📊 Phoenix: More inventory, balanced vibes.
💎 Scottsdale: Higher prices, but homes sell fast.
🌟 Tempe: A strong, efficient market with high sold-to-list ratios.

👉 Now’s the time to dive in! Whether you’re looking to sell or buy, the Phoenix condo market offers opportunities across every price range.

For expert advice and personalized guidance, contact PhxCondosForSale.com. 🏢✨