For many months now, the media has had some negative news about the housing market here in Arizona…How is the housing market? Is it time to buy when foreclosures are up to an all time high? What is really going on with the banks? What is a short sale? And will a short sale really benefit myself? What is the first time tax credit?...There are so many questions that seem to be arising and yet a times confusing a lot of individuals.

This morning, my husband and I had a great conversation. We both felt that we had neglected our clients…we have been lax on calling them just to say HI , sending emails about various properties, plus keeping track of market trends and so forth. To give us some credit, we have this awesome web-site that provides our clients with the BEST tools in looking for a house and making an informed decision! Our web-site has been "hopping," and doing what it is suppose to do…we just felt that the personalization that we have always provided just needed to happen a lot more! And for this, to all our wonderful clients, we are SORRY!

Now is an excellent time to buy! Need I say more?! Sometimes that old saying, "You snooze, you lose," happens in this market. Eventually when you look at the numbers, it will no longer be a seller's market, but a buyer's market.

I spent some time this morning going over the MLS – market for Chandler and the east valley…

FYI just a few months ago, the inventory of homes in the Phoenix metro area was at an all time high of over 60,000 homes, now we are sitting at less than 35,000 homes. That is quite a drastic drop!

Chandler Market as of 06/11/2009

Active listings – included are the listing that are active with contingencies - 1,335 listings

Pending - 518 listings

Closed – 01/01/2009-06/11/2009 - 1,343 listings

East Valley Market as of 06/11/2009 – Cities included Paradise Valley, Scottsdale, Mesa, Gilbert, Queen Creek, Tempe, Fountain Hills and Phoenix

Active listings – included are the listings that are active with contingencies - 12,283 listings

Pending - 5,901 listings

Closed - 01/01/2009-06/11/2009 17,363 listings

The market is moving, we do not have a crystal ball to foretell the future…just last month, the prices maintained and in some areas the pricing even gained a few dollars here and there. Opportunity only knocks for so long don't let the American Dream for home ownership pass you up.