Anthem AZ real estate market update November ’08

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The real estate market in Anthem is starting to cool a bit as we approach the holidays.  The number of homes actively on the market fell slighthly and the market in general seems to be stabilizing.  We are now at about a five month supply of homes on the market.  Coupled with the continual decline in days on market that would suggest a balanced market.

 We saw prices decline in November, but again, they’re not dropping at a rapid pace. Days on market increased which may indicate that some of the homes that had been sitting reduced their prices to be competitive and eventually sold.

If you or someone you know are considering purchasing a home in Anthem, now’s the time.

For the full statistical analysis of the Anthem AZ real estate market click here.

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