After a slow start in 2019, the local market is back on track for a solid year. It seems that what is happening in the Verde Valley is consistent with the national real estate scene. In a nutshell, lower than anticipated interest rates have kept more first time buyers in the game. Prices are continuing to increase, but at a slower rate than in recent years. Low inventory has helped keep prices up, and well priced homes that come on the market are under contract pretty quickly. I just read an interesting article in Yahoo! Finance that goes into a little more detail. It's worth the read, so here is a link to the full article.