You might notice a few more sale signs in your neighborhood.
Metro Phoenix’s home buying and selling season is in full swing. And because there aren’t enough houses listed for sale, prices are expected to rise in some Valley neighborhoods, say market watchers.
February is considered the big kick-off month for the Valley’s housing market.
The Waste Management Phoenix Open exposes visitors to Phoenix’s great weather when it’s freezing in the Midwest and back East. And then more people flock to the area in March for Spring Training.
Families that hope to move once school ends also tend to start the process this time of year.
With fewer homes for sale today, would-be buyers are having to get creative about making their bid stand out. USA TODAY
Metro Phoenix’s median home price could climb to $250,000 this month, after hovering at about $245,000 for much of the second part of last year.
That’s the forecast of The Information Market’s housing expert Tom Ruff.
“Pitchers and catchers are reporting to Spring Training. It must be February, and real estate agents across the Valley know what that means,” he said in his latest report for the Arizona Regional Multiple Listing Service. “Their selling season has begun.”
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