How’s the Market? Here is the March 2018, West Valley Market Report. Inventory levels dropped in ALL West Valley Cities, continuing a strong Sellers Market. El Mirage is at 1.05 months of inventory, followed Tolleson 1.2, Glendale 1.57, Avondale, 1.66, Laveen 1.73. Although buying and selling a home is typically an emotional transaction, homes are still a commodity and the Real Estate market is driven on Supply and Demand. With extremely low supply of homes for sale, home prices will continue tone stable or increase, however these levels are considered extremely low and actually make it very difficult for some buyers to find a home. Some buyers are having to put offers on several properties before getting an accepted contract. Which means on that same home, there were several other buyers that did not get their offer accepted. Demand is very high right now in the West Valley, yet closed transactions last month were down in most cities, Laveen, -20.5% over last year, Avondale -13.2%, El Mirage, -13.%, Surprise -10.4%. To prove that point further, the 3 cities with the most amount of inventory did have increases in closed transactions, Buckeye 31.5% increase over last year, Litchfield Park 30.2% increase & Goodyear 12.8% increase.