A straightforward look at supply and what it means.
If you're trying to judge how much room you have to negotiate, supply is the first thing I look at. Last month, months of inventory stood at 7.03, which keeps Gold Canyon, AZ in a place where selection matters.
Last month, supply stood at 7.03 months, active listings were 267, and sold listings were 63. That combination tells me buyers had choices, but not so much excess that every property carried the same leverage.
For sellers, I would take that seriously and make sure the home stands out on price, condition, and presentation. I would not assume attention will come automatically just because the home is on the market.
For buyers, I would use the broader selection to compare more carefully before committing. I would also keep an eye on homes that have been sitting longer than the typical 64 days, because those listings often deserve a closer second look.
