North Phoenix News has some great news for North Phoenix homeowners thinking of selling. According to their monthly real estate analysis, inventory is tightening in four out of the five North Phoenix zones, making it a very hot seller’s market.

A balanced market is considered when there is around six months worth of housing inventory available at any given time. The Noterra Area (north of Happy Valley, east of I-17, south of Sonoran Desert Drive) currently has an available inventory of 2.8 months. The Tramonto & Sonoran Foothills Area (which include Amber Hills, Carefree Crossing, La Solona, Stoneledge and 24 North) and Anthem Country Club both see 2.7 months of inventory. Anthem Parkside (which includes the Village at Anthem condominiums, Arroyo Grande, Paseo and the Landing) saw just 1.7 months of available housing.

Prices, on the other hand, are higher than those nationwide. According to an analysis from the National Association of Realtors (NAR) released last week (via North Phoenix News), the second quarter median home price for the Phoenix metro area was $247,300, an increase of 5.4 percent from 2016. North Phoenix saw numbers even higher than that, with median home prices ranging between $304,083 and $390,497 across the five zones.

The national median existing single-family home price in the second quarter was $255,600, up 6.2 percent from the previous year.