Jun 30, 2021
Realtors: Take Advantage of the Phoenix Housing Market’s Growth Surge
As a realtor, it’s important to be as informed as possible for your clients. They rely on you as the expert to guide them in the home buying process, which is often incredibly complex and daunting, even to the seasoned homeowner. Understanding the state of the housing market and of individual home types gives you and your clients insight into trends and forecasts.
To many new home buyers, the term ‘spec home’ or ‘new build home’ is likely foreign. Many of the homes traditionally sold are ones that were once owned by someone else or that are built custom made. Spec homes have gained in popularity in recent years, competing directly with diminishing inventory of available resale houses. As a realtor, you can be armed with information for your clients about the current state of the Phoenix housing market. With over 200 spec homes currently available, these homes are a premium for your buyers.
The Phoenix Housing Market Boom
Statistics show that Phoenix continues to dominate the market when it comes to home price growth. According to results from the S&P CoreLogic Case-Shiller Indices via the Phoenix Business Journal, home price growth in Phoenix was at 20% in March, putting it at the number one spot in the U.S. for the 22nd consecutive month.
Various reasons have contributed to this surge, including low price and high demand and the increase of out-of-state residents moving to the Valley. This surged during the pandemic and is unlikely to die off soon, as these factors will likely stay well into the future.
An Advantage for Local Realtors
With Phoenix being a hot location for market growth, realtors can guide buyers to advantageous investments in their future. Phoenix not only has an attractive housing market, location and amenity-wise, it has a growing supply to meet the demand. With REA Scoop, spec houses in Phoenix are easier than ever to find and sell. Our app highlights the available spec homes in the area and features them all in one central database. Take advantage of the booming housing market today with spec homes!
About REA Scoop
REA Scoop is a desktop and mobile app for realtors and homeowners dedicated to new build and spec homes in Arizona. Realtors can search for available spec homes on the market, making it easy for them to sell to potential clients, or homebuyers can find a move-in ready home for purchase. For more information, contact us today or download the app on Google Play or the App Store.