BUYAZRE - Summer 2020 Market Snapshot

The Summer of 2020 Market Snapshot includes:

How the Arizona Real estate market has been going during Covid-19.

We have seen:

- An increase of sales (units) year over year (Helpful for sellers)

- An increase of average and median sales prices year over year (equity building)

- Record low interest rates (Helpful for buyers)

- Buyer trends have shifted to larger homes to include gym and office space

- Home owners have been putting more money into their homes to make them the way they want

- Second home purchases have increased in northern Arizona (Flagstaff, Payson, Pine, Prescott, etc)