Blog Market UpdateMarket Update
Market Update- November 2022

OnebyOne, Most Cities in Greater Phoenix Succumb to a Buyers Market

44% of October Sales Involve Seller Paid Concessions to Buyer For Buyers:

Greater Phoenix as a whole has been in a balanced market …

Blog Market Update
Market Update- October 2022

More Buyers Got Help With Closing Costs in September

What To Expect for Housing in the 4th Quarter For Buyers:

The price reductions keep coming. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market re- sponded with …

Blog Market UpdateMarket Update
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% …

Blog Market Update
Market Update- August 2022

SellerPaid Closing Cost Assistance Coming Back

This Price Point is Declining the Fastest in Greater Phoenix For Buyers:

Good news for buyers, the number of closings with seller-paid closing costs rose 27% in July compared to June equating …

Blog Market Update
Market Update- July 2022

Seller Market is Officially Over! Heres What to Expect.

How Some Sellers Are Winning Against Interest Rates For Buyers:

Welcome to a balanced market*, how quickly the tables have turned! While seller markets are ideal for the not-so- perfect …

Blog Market Update
Market Update- June 2022

MLS Supply Up 113% Over Last Year

Median Days Prior to Contract Rising For Buyers:

Market conditions continue to get better for buyers undeterred by rising mortgage rates. Over the last 10 weeks, there has been a surge of new …

Blog Market UpdateMarket Update
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, …

Blog Market UpdateMarket Update
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  …

Blog Market UpdateMarket Update
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 …

Blog Market Update
Market Update February 2022

Housing Market is Just as Tough for Buyers over $1M

Median Sale Price up 2.4% Over Last Month

For Buyers:

Affordability has been dominating the headlines as of late, however few have been documenting the plight of buyers in the …

Blog Market Update
Market Update January 2022

Cost to Rent vs. Buying in 2022
Owner Occupant Buyers Retreated in 2021

For Buyers:
As the cost of purchasing a home increases in Greater Phoenix, the question of whether to rent or buy becomes harder
to answer for some …

Blog Market UpdateMarket Update
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 …

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