He get asked often when will the Phoenix real estate market hit bottom? Let it be known that Troy Reeves & The Reeves Team are letting you know that the market has hit bottom and started to come back. It’s true!
If you have a home in the Phoenix real estate market between $75,000 & $260,000 it has hit bottom and is starting to increase. The number of active homes in the MLS is under 50,000 homes for sale (we haven’t seen this low number in over 2.5 years). MLS pendings are over 10,000, we’ve never seen this.
The local media will start mentioning this over the next 2 months. But you heard it here first.