Starting the week of June 12th, 2023, we find our residential real estate markets in Gilbert and Queen Creek remain mostly in balance. Activity at sales offices this weekend was high as we were out touring with clients of our own. Many builders have completed homes or homes in progress that get a fair amount of interest from buyers not seeing exactly what they are looking for on the existing home market. Pricing is trying to find it’s footing as buyer demand is down (due to higher interest rates) and inventory strangely remains low. Many existing home sellers are staying put in low interest rate mortgage loans and downsizing or upsizing is only being engaged when really necessary. All the more reason to put your best foot forward when going to the market. Buyers have less options these days but they all seem interested in the well-priced homes that show great. Tune into our next blog to see some of the differences between purchasing an existing home vs a new construction project.
Newman Realty is a family owned and operated, multi million dollar producing local real estate brokerage. Our agents are active in the industry and in our community. We serve, we counsel, and we sell. We offer personal, professional representation of our client’s needs when it comes to residential real estate. With over 20 years in the industry, owners Mark and Mickie Newman provide guidance and support to company agents as well as manage their own book of business. How can we help you or your referrals today?