Real Estate

Deal Directly with the Owner

ROOF INSTALLATION TILE ROOF SERVICES ROOF RECOVERING We are the Leaders in the Roofi ng Industry #1 BEST PRICE GUARANTEED BEST QUALITY GUARANTEED BEST RATES GUARANTEED (480) 242-5346

supplysolutionsllc@gmail.com www.supplysolutionsroofi ng.com

What’s All This Talk About Inventory?

By Joseph Callaway

For most of us, having a real estate discussion with a lender, title officer, or real estate agent quickly becomes a conversation full of eye-rolling jargon such as “escrow,” “days on market,” etc. Each of these terms becomes a learning process. One of the most important terms you should understand is “inventory.”

Residential resale “inventory” is expressed as the period of time it would take for all the homes currently on the market to sell at the current rate of sales. For example, in 85254 there are about 61 homes for sale (as of March 15). Currently, 94 homes in 85254 sell each month. This means that 85254 inventory is equal to 61 homes for sale provided by 94 homes sold in a month, which comes to .67 months of inventory. In this case, because the inventory is a fraction of a month, it is easier to express the inventory in days: .67x30 = 20 days.

Twenty days of inventory is terribly low. To put this in perspective, in 2008, we hit an all-time high of 60,000 homes for sale in all of Maricopa County with only 4,000 homes selling each month. This was 15 months of inventory and prices were dropping like a stone because sellers had to compete for buyers. A “normal” market is about three or four months of inventory. In this situation, homes gradually appreciate, buyers have a reasonable selection, and sellers can get close to what they ask. This is a balanced market.

Our current inventory of twenty days in 85254 is unprecedented. For every seller, there are dozens of buyers and prices are going through the roof. It’s what we call a seller’s market. This means sellers are writing their own tickets but, once sold, most sellers become buyers and that is the Catch 22.

COMPLETE PLUMBING SOLUTIONS

BOOK ONLINE TODAY!

Appliances Camera Inspection Service Drain Cleans Emergencies Faucets & Sinks Garbage Disposals Gas Lines Hose Bibb Replacements Leak Repairs Showers & Bath Tubs Toilets & Sewer Lines Water Heaters Water Pressure Reducing Valves Water Treatment Commercial

5 Star Ratings Tamra & Doug Wyman Satisfaction Guaranteed 623.551.6688 • www.wyman-services.com

Joseph Callaway is co-owner of Those Callaways, an independent brokerage operating in 85254 for 25 years. For additional information, visit ThoseCallaways.com or call 480-596-5751.

LARGEST FLOORING VINYL PL WOOD ANK  LAMINAT  TILE CARPET E

LARGEST FLOORING SALE EVER! FREE TILE REMOVAL OR $1,000 OFF* ALL INSTALLED FLOORING, VINYL PLANK  LAMINATE WOOD  TILE CARPET LARGEST FLOORING SALE EVER! FREE TILE REMOVAL OR $1,000 OFF* VINYL PL WOOD SALE EVER! FREE TILE REMOVAL OR $1,000 OFF* ALL INSTALLED FLOORING, THIS MONTH ONLY. FORFREE!UPTO10YEARS NO OUT OF GET FLOORING FOR THE Five Star Customer Rating ANK  LAM  TILE CAR 3 PO 6 CKE M TT COST, ONT H H IS MONTH ONLY. FORFREE!UP ALL INSTALLED FLOORI THIS MONTH ONLY. WHOLE HOUSE FOR ONLY PER MONTH89.07 TO10 NG, YEARSFORFREE!UPTO10

0% I N T E R E S T *

WITH 0 % INTEREST *

Five Star Customer Rating

NO OUT OF POCKET COST, 36 MONTH

SHOP AT HO 0ME % I N T E R E S TYOUR LIFE-C *NEW FLOORING HANGING FOR O CA TH N BE ERS!

NEXT-DAY INSTALLATION

A PORTION OF EVERY SALE GOES TO THESE CAUSES*

Five Star Customer Rating

NO OUT OF POCKET COST, 36 MONTH

0% I N T E R E S T *

HUGE SALE ON

PET PROOF FLOORING

GET FLOORING FOR THE WHOLE HOUSE FOR ONLY

89.0 P7 ER MONTH WITH 0 % INTEREST *

GET

FLOORING FOR THE WHOLE HOUSE FOR ON 89.0 P7 ER M

WITH 0 % INTERES

EVENING & WEEKEND APPOINTMENTS

WE PROVIDE AND INSTALL FURNITURE PADS FOR FREE ON EVERY HARD SURFACE JOB!*

Senior Citizen Discounts, Military Discounts & SHOPPublic SATerv HOicesMEDiscounts

Must mention this ad! Schedule your FREE Estimate today, and the first NEX10 caTlleDAYrs willINSTALLATget an additioI nO alN $150 OFF* YOUR NEW FLOORING CAN BE LIFE-CHANGING FOR OTHERS!

A PORTION OF EVERY SALE GOES TO THESE CAUSES*

HUGE SALE ON

PET PROOF FLOORING

Making Families Happy ROC 328401

CALL TODAY - 623-323-9767

EVENING & WEEKEND APPOINTMENTS

*Must present coupon or ad at the time of initial appointment. Cannot combine offers. Financing is based on approved credit. $5,000 min for free air duct cleaning. $89.07 per month promo is on approved credit and with a min purchase of $3500, including basic installation and products, does not include W tax E, up PgraR de OVs and IDEextras. AND INSTALL FURNITURE PADS FOR FREE ON EVERY HARD SURFAC

SHOP AT HOME

NEXT-DAY INSTALLATION

Senior Citizen Discounts, Military Discounts & Public Services Discou

Y L OUR IFE-C HUGE SALE NEW FLOORING CAN BE HANGING FOR OTHERS! Must mention this ad! Sch Making Families Happy ROC 328401 623-323-3998 e ONCAL dule your F L RE TODAY E Estimate tod ay 6 , an 23d the fi 3 rst 2 10 3-9 callers 767 will get an additio

A PORTION OF EVERY SALE GOE*MS ustTOpres THESEent coupon CAor ad is on USES*at the time approved c of ini redit tial and PETappointment. with a min pu PRCannot rchase OOFcombine off of $3500, in FLOORIers. Financing is bas cluding basic install NGed on app ation and roved produ c c r t edit. s, do $5,0 es no 0 t 0 min fo include r t free ax, u ai pg r r duct ades cleani and ex ng. tra $ s. 89.07 pe