Real estate prices in Phoenix are stable, and buyers have an advantage in transactions

Real estate prices in Phoenix are stable, and buyers have an advantage in transactions. US housing prices in November 2013 showed that price increases slowed down and sales volume decreased. 11…

Phoenix real estate prices are stable and buyers have the advantage in transactions. US housing prices in November 2013 showed that the price increase slowed down and sales volume decreased. The national average real estate price increased by only 0.1% in November compared with October. Compared with September, it increased by 0.9% in October. Compared with the same period in 2012, the average price increased by 11.8%. From September to the end of the year, as real estate prices rose and loan interest rates increased, real estate sales volume decreased significantly. Phoenix has not escaped this national trend, with sales falling from November to January due to a temporary decrease in investors. The latest data from January 2014 shows that the average price of houses in Chandler, Phoenix and Scottsdale is basically the same. This is good news for buyers. Compared with August and September, it is easier to get an offer and a reasonable price in December and January, gradually entering a buyer's market. Most economists predict that real estate sales and prices will increase in 2014, but the increase will be smaller than last year. For more real estate news, please contact Jin Xin Real Estate Tinna Tel 480-287-0180 E-mail: goldtrustrealty2010@ gmail.com