The real estate market in Sun City is continuing to show signs of recovery. We have 708 active listings, 107 of which were sold in the month of May. The resulting absorption rate is 6.16 months of inventory. As I have said before, 6 months of inventory is a balanced market, favoring buyers and sellers alike.  Also important, the number of new listings and the number of listings sold has been relatively equal for April and May. I take this to be another sign of a return to normality.

My own observation is in order here. The “shiny pennies” are sold as soon as they hit the market. So are the “steals”. We are now back to the times when we would say to a prospective buyer, “the house you want to think about today was seen yesterday, who thought about it last night, and is writing an offer today.”

Jim Little, Your Sun City Neighborhood REALTOR®