As the chart from the Cromford Report clearly shows, the under contract to active listing ratio is through the roof at over 83%. With summer here, I don’t think there will be a large supply of new inventory. And at the rate the inventory is declining, we could be heading into another housing frenzy. Carefree and Cave Creek have had 48 closings from May 11, to May 31. While interest rates can play some part, a high percentage of buyers in this market area are cash and may not play a factor. I am sure many sellers do not want to give up those low interest rates. Thinking of selling? The MOHR Group, Realty Executives can give you a more personalized for your special circumstance.
