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June Market Update

This week the median list price for Goodyear, AZ is $540,000 with the market action index hovering around 46. This is less than last month’s market action index of 48. Inventory has decreased to 227.

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

As you have probably seen in the new, home loan interest rates have fallen. While they may not be as good as the numbers in previous years, its important to remember that home values will continue to increase and hold their value. If you want to know more about your buying options contact the Garcia Group today! They’re here to help you, buy, sell and invest in all your real estate needs!

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