Surprise sales volume stays relatively flat

The number of homes that sold in Surprise during the 3rd quarter this year was down slightly from Q3 2017, about 3% year over year. But that’s coming off the back of Q2’s slight increase year over year. Overall it looks like the numbers are changing more lately from seasonality than from a change in buyers’ and sellers’ behavior.

All that being said, the stock market was down in October, and this is the first we are starting to hear about higher interest rates having an impact on the overall market. We’ll have to see what happens over the coming months…

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- Chris Butterworth

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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.