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**Market Update:** The real estate market is showing intriguing trends: Inventory is up slightly yet still lower than average – buyers have 37% more options than last year, albeit dampened by 30-year mortgage rates over 7%. 
Positive signs emerge as pending listings increase, and we’ve seen more contracts and closed sales this April compared to last.
Move-in-ready homes are in high demand, offering opportunities for fix-and-flip investors now facing less competition and potential for better margins, despite rising renovation costs due to inflation.
The market holds steady, surprising given the mortgage rate trends, with a Cromford® Market Index just above balanced—a plus for sellers. Central valley areas keep the upper hand, while Maricopa, Buckeye, and San Tan Valley see a buyer-friendly shift.
May is likely to stay consistent, but keep an eye out for rate changes—they could sway the market significantly.
