Blog Market Update

Market Update- December 2020

Supply Down 48%, Contracts Up 35%
CARES Act and Eviction Moratorium Due to Expire December 31st

For Buyers:

Existing protections in place for homeowners during times of financial hardship have come to the forefront in 2020. While both renters and …

Market Update- November 2020

Demand for Homes Up 36%
Rents up 17% Since April

For Buyers:
The Rent vs. Buy scenario has become heavily in favor of buying over the last 5 months.  Eviction moratoriums due to the pandemic have greatly reduced turnover rates …

Market Update- October 2020

Homes Under Contract Up 36% / Sales Up 23% Median Sale Price Up 18%

For Buyers:

A common complaint in the resale market is “there’s nothing for sale”. However from July through Septem- ber, the Realtor® community added 30,340 brand …

Market Update- September

For Buyers:
The first few weeks of August saw a surprising 17% spike in listings under contract over $600K. This is highly unusual as typically contract activity declines in the 2nd half of the year, especially on the high end; …

What’s Up With the Market?

It’s been 10 long weeks since we officially got “locked down” in Phoenix, now with restrictions being eased and in many cases lifted all together, we are left with the aftermath of unemployment, mortgages in forbearance, unpaid bills and to …