Cottonwood Home Team
The #1 Seller of Real Estate in the Verde Valley
There is good news in the second quarter results. The median sales price dropped 4% from the first quarter but the number of sales increased 21%. That is a good sign but also one of consistency compared to past years.
Since 2005, the second quarter has always closed more homes than the first, third and fourth quarters. Whether that is due to spring break fever or attempting to get things moved for the summer we never know but it will be interesting to see what happens in the third quarter of this year.
The dramatic increase in the number of sales is also a sign that many feel they have waited long enough to jump into the market. Interest rates at this time remain stable so depending on the price point owning is cheaper than rent.
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