More metro Phoenix home sellers have grown tired of demands from buyers and have given up.The number of canceled home listings is on the rise in the Valley as buyers continue to insist on lower prices, expensive remodel projects and interest-rate buydowns.
Trevor Halpern of Halpern Residential at eXp Reality said 35% to 40% of his sellers are pulling their listings if buyers won't give them the price they want.During the past few months, about 30% of Phoenix-area homes listed for sale were called off by homeowners, according to the Cromford Report.
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Patrick Perdue
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