“Just Listed” Homes Slowly Fading Away

Welcome to the month of May in Westbrook Village, where the flow of new homes to the market dries faster than a pool towel on a 110-degree day.

We’re down to one “just listed” home now … meaning there’s only one home that has come to the market over the past 10 days. There may be some stragglers over the next few weeks but they likely will be few and far between.

And it’s entirely normal.

What is less normal is the Phoenix real estate market as a whole is mirroring the active adult communities, at least from an inventory standpoint. Inventory everywhere but the retirement communities tends to rise through the early spring and into the summer before falling off, but this spring the number of homes on the market has dropped steadily for more than a month.

Strange days.

Back in Westbrook Village, expect some prices to come down a bit as owners who need to sell more quickly price their homes to move. The effectiveness can be debated as there also are fewer buyers looking for homes during the summer months, which is unfortunate – for the buyers.

The desire to sell usually is never greater than during the summer months. I’ve seen it myself.

So if you’ve been looking through the fall and winter and were calling off the search for a while, it might be worth keeping an eye on your favorite properties. This is the time where values can be found.