The Seasonal Market.
Peak times for home contracts to be signed are the spring in the Phoenix metro area. In some cities there is another up tick in the late fall, but any sales increase after the summer is minor here. Low points for closed sales typically are in January and February – a reflection of low contract activity in November and December. This is despite the impact of sales to “snow birds,” as sales to those out of state aren’t in sufficient numbers to effect the holiday pause that occurs every fall and winter in the Valley of the Sun. But because of the size of the Phoenix area, the seasonal variations should not affect a buyer’s decision when to purchase. Prices and inventory are fairly consistent year around, so you should buy when the time is right for you.