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A couple years ago your neighbors put their home on the market and had so many buyers that they had a bidding war. Today you are trying to sell your home and getting no action.
The Sierra Vista Arizona real estate market is unpredictable. There are many factors that come into play, the most important being interest rates and prevailing sales prices. In a seller's market, prices tend to go up until they reach a certain point where buyers quite buying. When this happens listing inventories increase. Sellers that price their homes at the higher level of previous sales prices might have to rethink their pricing. If they don't, their homes may not sell. Whether you are buying or selling, it is important to know that the shift from a seller's to a buyer's market can occur very quickly. You can count on The McNabs for sound advice on what phase the Arizona real estate market is in.
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