Rising home costs are keeping sellers in place longer than expected.
54 percent of homeowners canceled projects because costs were too high. When prep costs soar, sellers rethink their move and buyers face fewer options. Only 35 percent tackled renovations in the last 30 days. Most are doing maintenance and repairs instead.
Remodeling material costs up 6.9 percent from tariffs and trade policy alone. Labor shortages and fuel prices are pushing numbers even higher. In some markets, getting a home market ready now costs over $100,000.
But here's what matters for Phoenix Valley buyers: turnkey still wins. Buyers will pay more for move in ready homes rather than take on the risk of future renovation costs. High costs and high rates mean homeowners improve in place instead of moving.
66 percent are planning major investments within five years. They're staying put and building equity where they are.
I'll show you what buyers expect and what upgrades actually pay off today.
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