June Sees Rise In Resale Housing

June sees rise in number of SE Valley houses for sale...

The Arizona Republic reports that the number of homes for sale in the SE Valley continued to rise in June, indicating that investors may have begun selling, figuring the best time for profits is past. Homes on the market jumped 24% from May to June, according to the SE Valley Association of Realtors.

Many investors who have held their homes for a year are looking to cash out, according to John Stih, director of governmental affairs for the Association. Even though the number of homes on the market increased, homes continue to sell quickly, especially in such places as Ahwatukee Foothills, Gilbert, Chandler, east Mesa, Queen Creek, Gold Canyon and Florence in Pinal County. Homes sold in an average of 21 days in June. More...