Below you can find the Litchfield Park Arizona Residential Real Estate Market activities for August 2009 according to ARMLS data. The trend continues of less new listings and more pending and sold. This contributes to total inventory reduction and more balanced real estate market. Definitely the economic law of Supply and Demand is the contributing factor to the condition of the real estate market. Currently are less supply and more demand at today's bargain prices. Demand is coming mainly from the first time home buyers and the investors. Many Southwest Valley Communities are experiencing a shortage of inventory available for purchase in the lower price ranges, which creates the multiple-offers situations on the available properties. When it happens, the prices are pushed up. The prices for homes depreciated a lot over the last few years that even with a slight increase in price it is still a great deal to buy now.
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