Holy Seller’s Market, Batman! Check out Surprise ZIP 85379 which has shrunk to a mere 3-and-a-half months’ worth of inventory. That’s a strong seller’s market. Six months’ is normal, which should give you an idea of how strong the sellers’ hand is in Surprise. If you’re trying to buy in this ZIP, expect to pay very nearly list price, and expect multiple offers.
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Here’s the whole-MLS numbers:
As always, green means movement in the “right” direction, which is towards a more balanced market. Red is bad. Six months is a normal, balanced marketplace. Check out the entire Sunday Stats series here.