Cash! Did It Rule The Market In 2021?

A lot of people look forward to the new year because it’s like starting a new chapter in a book. You’re about to finish one chapter and — on New Year’s Day — you’ll be eager to begin another.

Looking at it another way, that new chapter is full of blank pages – ready for you to write your own story.

In fact, you may have several hopes and dreams for 2022 and maybe some ambitious goals, too. Whatever your plans, we want you to know that you can reach out to us anytime you need real estate advice or help.

We will also continue to keep you up-to-date on the latest real estate news and insights. So, anytime you have questions, contact us. We can get you the answers you need.

If we don’t get a chance to chat before the year’s end, let me take this opportunity to say, “Thank you for the privilege of staying in touch with you. The blank pages of your 2022 chapter await. We hope you fill them with wonderful experiences!”

A Quick Market Note...

These days most conversations about Real Estate involve the topic of how much cash has entered the market over the last 18 months.  With very low days on market and homes getting snatched up in 48 hours or less, many felt that it started to dominate. 

Below is a chart noting the percentage of cash sales recorded in the MLS for Northern Arizona Association of Realtors.

As of December 9th there were a total of 2278 home sales and of those 27.35% closed with cash.  Yes, the market has been competitive but we expected these numbers to be much higher.  Hang in there with us, buying a home is entirely possible and we're here to make it happen. 

About the Authors: