Here’s what you need to know about our real estate market right now.

Our May 2021 real estate market was unlike any other May I’ve ever seen:

graph.PNG

We have way fewer homes for sale now compared to last year at this time. Though new homes coming onto the market have increased 15%, sales have risen by 37%, so we still have more demand than supply. I anticipate the hottest summer for real estate we’ve ever seen (hopefully not the hottest temperature-wise).

If you’re considering buying or selling, give me a call at 602-738-9943 or send an email to jason@thepenroseteam.com. We can discuss the best strategies to ensure you get the best deal. Also, reach out if you have any questions. I look forward to hearing from you soon.