Home Sales Return to BUYERS' MARKET

Home sales return to buyers' market, from the Arizona Republic Southeast Valley, reports that the number of homes for sale in the Southeast Valley has increased almost to the level of two years ago, before the market spiked into sellers' heaven. It's a buyers market again. There were 8,961 Southeast Valley homes for sale in November, almost as many as the 9,204 on the market in November 2003, according to the Arizona Regional MLS. "Buyers have more inventory to choose from. And we're not running into multiple offers on homes and bidding wars," said Gina McKinley, a Chandler Realtor with Re/Max 2000. Median prices in November were 32 to 58 percent higher than a year earlier, depending on the city, according to the Arizona Real Estate Center at ASU.

http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/community/ahwatukee/articles/1220ev-housingZ14.html