Market Update
Market Update- November 2022
One–by–One, Most Cities in Greater Phoenix Succumb to a Buyer’s Market
44% of October Sales Involve Seller Paid Concessions to Buyer For Buyers:
Greater Phoenix as a whole has been in a balanced market …
Market Update- September 2022
32% of New Home Sales Had Concessions to Buyers
Mortgage Rate Hikes Cause Drop in Contracts Again For Buyers:
The percentage of closings with seller-paid closing costs continues to grow as August and September to date range be- tween 12-13% …
Market Update- May 2022
MLS Supply Up 45% in 6 Weeks
Rising Interest Rates Dropping Demand Quickly For Buyers:
It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year, …
Market Update- April 2022
57% of Sales are Over Asking Price
Median Sale Price Up 27% to $457,000
For Buyers:
Supply is still the top concern for buyers these days and we continue to look to new construction to add new homes and …
Market Update March 2022
Short Term Rentals up 23% NE Valley
MLS Rental Supply up 60% in 5 Months
For Buyers:
Don’t be fooled by the small increase in supply and decrease in demand compared to last year. The Greater Phoenix housing market is …
Market Update- December 2021
What does a “normal” market even look like anymore?
Sellers: Look for these Measures to Shift in 2022
For Buyers:
Does anyone know what a normal, or balanced, housing market looks like anymore? In Greater Phoenix, the supply and demand …
Market Update- August 2021
Let’s see where the housing market stands from the August 2021 Cromford Report below.
Supply is up 42% since May, price reductions are up 131% . Affordability has dipped below normal to 56%.
For Buyers:
There is a little …
Market Update- January 2021
2020 Broke the Record for Luxury Sales Supply Down 51%, Slim Pickings in 2021
For Buyers:
There were 111,036 new listings added to the Arizona Regional MLS (ARMLS) in 2020, only 38 more than 2019, while 100,650 sold. As of …