b"Real Estate Market TrendsBy Shanna Grossman, REALTOR, Broker A ttention buyers and sellers in Maricopa County! Let'sLet's start with the Months Supply of Inventory, which dive into the latest market trends data to help you makecurrently stands at 2.77. This metric refers to the number of informed decisions. Here's what you need to know: months it would take for all the current homes on the market to be sold, given the current sales pace. A lower number 1indicates a seller's market, where there is high demand and Inventory Update: Currently, there is a low 2.77 Months Supply of Inventory (MSI) in Maricopa County.limited supply. In this case, a Months Supply of Inventory of This indicates a competitive market, providing a great2.77 suggests that the market is leaning toward the seller's opportunity for sellers to get top dollar for their properties.favor, as the supply of homes is relatively low.Over the last 12 months, Months Supply of Inventory has seen a significant decrease of 6.1%. It's crucial to stay updatedNow, let's examine the 12-month change in months of on this dynamic trend! inventory, which stands at -6.1%. This metric measuresmarket for an average of 31 days, it suggests that properties Full Line of theFencing Arizona forthe percentage change in the Months Supply of Inventoryare selling relatively quickly, making it essential for buyers to Highest Quality Products Over 50 Years! 2 Pricing Insights: The List to Sold Price Percentagecompared to the previous year. A negative value indicates aact promptly.stands at an impressive 98.4%. This shows thatdecrease in the supply of homes on the market, which could properties in Maricopa County are generally sellingbe attributed to various factors such as increased demand orLastly, we have the median sold price, which currently stands very close to their listed price. Sellers, this is your chance toreduced housing construction. This decrease of 6.1% suggestsat $460,999. This metric represents the middle point of all maximize your profits. that the supply of homes has decreased over the past year,the sold prices within a given timeframe. It provides insights A Full-Service Residential & Commercial Fence Company Time on Market: The median days on the marketfurther reinforcing the seller's market conditions. into the general price range of properties being sold. In this 3 are only 31, indicating a fast-paced market. HomesNext, let's examine the List to Sold Price Percentage, whichcase, with a median sold price of $460,999, it suggests that the market is experiencing a certain level of price stability, with are selling within a reasonable timeframe, which isis currently at 98.4%. This metric measures the percentageproperties selling within this range.great news for sellers. Buyers, its essential to act fast and beof the original listing price that a property sells for. A higher At Elrod Fence Company, we understand the basic needprepared to make a strong offer in this fast-paced market. percentage indicates that sellers are able to sell their homesIn conclusion, these real estate metrics provide valuable closer to their asking price, which can be seen as a positiveinformation for both buyers and sellers. They indicate that to protect your horses with the right height and style of4 Median Sold Price: The median sold price inindicator for sellers. A List to Sold Price Percentage of 98.4%,the overall Maricopa County market is currently favoring fencing to guard against your animals jumping over, orMaricopa County is currently $460,999. Thissuggests that sellers are achieving a significant portion ofsellers, with a low Months Supply of Inventory, decreased injuring themselves from contact with the wrong fence typedemonstrates the value and potential return ontheir initial asking price, providing them with more favorablesupply compared to the previous year, and properties or material. investment in our area. Whether you're buying or selling,negotiating power. selling relatively quickly. Additionally, Peoria and Surprise understanding the local market's pricing dynamics is crucialare in a more balanced market while the Queen Creek, Elrod Fence Company horse fences are strong, durable,for negotiation and confident decision-making.Moving on, we have the median days homes are on theMaricopa, Buckeye, and Goodyear markets currently favor aesthetically beautiful, easy to clean and like any goodmarket, which is currently at 31. This metric provides anbuyers. By working with an experienced real estate agent to wine they only get better with time. Our quality fencingThese metrics provide valuable insights into the current stateindication of how quickly homes are selling. A lower numberunderstand and consider these metrics, buyers, and sellers is virtually maintenance free for years to come. We canWROUGHT IRON/VIEW FENCE of the real estate market and can help you make informedsuggests a faster pace of sales, indicating a high demand andcan navigate the real estate market more confidently and design & Install your horse fence gate with the highestOur wrought iron or view fencing/gates offers customers thedecisions when it comes to buying or selling your property. competitive market. In this case, with homes being on themake informed decisions. quality materials available. We can design reliable, beautifulsafety of an iron fence without sacrificing quality. Our design horse fencing in a variety of heights, types, materials andteam can take your ideas into a beautiful master piece.decoration to add to the appeal or any property and satisfy HORSE SHADES any taste. Safe and secure fencing on your farm or ranchElrod Fence Company is a Phoenix-area fencing company Elrod Fence Company horse shades are strong, durable,shows your dedication as a responsible horse owner. Elrodbased in Cave Creek, Arizona. We offer every type ofLarge Animal Clinicaesthetically beautiful, easy to clean and like any goodFence Company will help you find the best horse fencingfencing design, length and material in order to fulfill any of wine they only get better with time.We can design &possibilities for your property and your budget. your fencing needs. Part of the Animal Health Instituteinstall your horse shade with the highest quality materials available. We can build reliable, beautiful horse shadesCHAIN LINK FENCING Our full line of products include vinyl, wood, ornamental, in a variety of heights and decorations to add to theAs a chain link fencing company in Phoenix, Arizona, Elrodand chain-link fences and gates for residential, appeal or any property and satisfy any taste.ElrodFence Company is your premier fence design, installationcommercial, industrial, and high security applications. YourExceptional Care for Fence Company will help you find the best horseand maintenance organization. particular fence will be billed to your specifications and shading possibilities for your property and your budget. according to your budget.HORSE FENCING Our specialties include: horse fences, privacy fences,Horses and Farm AnimalsThroughout the Phoenix, Arizona area, Elrod Fencearenas / corrals, view fences, round pens, dog runs, cat Company has been providing horse owners and boardersruns, shades, chain link, gates, wrought iron, RV gates, budget-friendly horse fences for many years. A horseRV shades, vinyl fence, pool fence, snake fences, woodThe Large Animal Clinic is your source for comprehensive, fence not only keeps your horses in, but also keeps otherfences, rail fences, repairs and masonry work.humans and intruders away. Horse fencing is a majorhigh-quality, and affordable primary and specialty veterinary capital investment that should be carefully planned Our goal has alwaysservices for horses and farm animals.before construction. been to meet the needs of ourWorking as a team, Midwestern faculty veterinarians and customers, while providing the higheststudents use the latest technology to provide a wide range of quality custom gateshealth services, at our Glendale clinic or the clients premises.and fence products WOOD/PRIVACY FENCING at competitive prices. Call for an appointment:623-806-7575If you need a custom Wood fencing and privacy fencing by Elrod Fence Companygate or fence, contact in Cave Creek/Phoenix, Arizona can majorly augment yourus today to build the home or business. plan of your dreams. 5725 West Utopia Road | Glendale, Arizona 85308 480-595-7528elrodfenceaz.com www.mwuanimalhealth.comArizonaRealCountry.com December 2023 49"