Tempe Real Estate Housing Market Update - October 2020
The lack of listings continues to drive demand and home prices higher, so if listings continue higher expect a slowdown in home values. With that said, median home values in Tempe have increased an average of 14.9% since October of 2019. With interest rates remaining around 3.0%, there are still more buyers looking to purchase heading into the winter.
For more detailed stats on the Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
If you’re thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you’re thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about the home buying process in the East Valley. Just give me a call or text at 602-295-6807 and I will be glad to help.