Posted by on Aug 19, 2020 | 0 comments

Phoenix housing market is incredibly hot!

July, 2020 reports that sales are up 8.4% month-over-month. And The year-over-year comparison is up 12.1%. At close of business on July 31st, sales in terms of gross dollar volume for the year is the highest on record.

Data from the Arizona Regional MLS reveals that 2020 may go down as the best year ever in terms of gross dollar volume in terms of home sales. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% the first week of August. The 15-year fixed-rate mortgage dropped to 2.44%.

Now’s the time if you’re contemplating a home transition!

If you would like to get the full report, let me know and I’ll be happy to send it to you! Contact me if you or someone you knows needs assistance. 602-284-7781 or email.