Jinxin Real Estate News: Big changes in the real estate market in the Greater Phoenix area in March 2012

Jinxin Real Estate News: Big changes in the real estate market in the Greater Phoenix area in March 2012 In the real estate market in the Greater Phoenix area in March 2012, the housing...

Jinxin Real Estate News: Big changes in the real estate market in the Greater Phoenix area in March 2012 In the Greater Phoenix area real estate market in March 2012, housing inventory fell 41% compared to the same period last year. There were 8,855 completed sales in March. Homes stayed on the market for an average of 2.5 months, up from 3.8 months in 2011. The home sold for $129,900, an 18% increase from March 2011. There were 8,160 new homes sold in Phoenix in March, a 20% decrease from 2011. In March 2012, a large number of investors entered the Phoenix real estate market. Many houses received nearly 10 purchase contracts in just one day after they were put on the market, and transactions were very active. Housing prices in the Greater Phoenix area have fallen to a low of nearly a century. In addition to being a good time for investment, the current economic environment in Greater Phoenix and the Bay Area of ​​California is rising. Job opportunities have increased, the population has increased, and a large number of hard demanders for housing have also increased. They have also become the main force in purchasing. For more information about real estate managers, please contact Tinna of Goldtrust Realty. Tel: 480-287-0180 E-mail goldtrustrealty2010@gmail.com