Selling Your Luxury Property this Summer
The Cromford Report has given some great news for our luxury home buyers for March and April. Now the tables have turned favorably toward sellers as the report states, “Summer is a good time to list luxury properties over $500K.” Why now? A seasonal exception.
The report continues, “While it’s typical to see a decline at the beginning of the summer like everyone else, escrow counts tend to drop for a couple months then go flat until the end of the year. In fact, luxury supply drops more than buyer activity does in the summer making it a great time to list luxury property for those willing to brave the heat between June and September.”
For more comprehensive insights on the Phoenix Metro residential real estate market–take a look at The Cromford Report infographic for May.