Balanced Market Equals Good News for Buyers

Balanced Market Equals Good News for Buyers

  • Renee Merritt
  • 01/27/23

If we could pick one word to describe the real estate markets in the last few years, we might be tempted to look at words like "frenzied", "wild", or "out-of-control". However, if you want a word that really gets to the root of the problem, the could easily be "unbalanced". With way too many buyers and not nearly enough sellers, the unbalanced market became a tad unruly, resulting in many disappointed buyers, and sellers with flush with equity. 

Well, the good news is that 2023 will be a completely different market. While the story is yet to be told on how Phoenix will fair in the coming year, experts agree that a more balanced market has benefits for buyers who can stomach the higher interest rates. As AZCentral recently reported, this welcome news isn't all bad for sellers, either. Both have a reasonable chance of success in 2023. 


We are here to help! If you want to find out how much your home is worth in this strong market, email me at [email protected]. We would be happy to help you determine if the time is right for you to sell your home or buy a new home.

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​Whether you're looking to buy a dream home, sell a property, or invest in a real estate opportunity, we have you covered. With over 24 years of combined real estate experience, every member of The Merritt Group Fine Properties team offers keen market insight and knowledge that is only acquired through years of navigating the every changing Phoenix area market. Let our extensive expertise and 'White Glove' service work for you!