Accepted Contracts Up 86% in 5 Weeks
Phoenix Back to a Seller’s Market! But It’s Not 2020–2022 Again. For Buyers:
The Spring season is upon Greater Phoenix. February hosts the Waste Management Open and …
Greater Phoenix Officially a Buyer Market, First Time Since 2010
Mortgage Rates Hold the Key to Affordability For Buyers:
Buyer demand has been more reactive to mortgage rates than normal, but that’s to be expected at the rate of increase …
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 …
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 …
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% …
Seller–Paid 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 …
Seller Market is Officially Over! Here’s 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 …
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 …
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, …
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 …
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 …
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 …
