62.8% of Homes Sold Considered Affordable Last Quarter
Median Sales Price Up 27%, Incomes Up 26%
For Buyers:
Despite all the incredible news about rising real estate prices, a family making the median income of $79,000
in Greater Phoenix could …
One Year After Start of Pandemic – Luxury has Exploded
Homes Selling for 101% of List Price on Average
For Buyers:
With 54% of all sales closed over asking price so far in April, the average sale price per square …
44% of Sales Closed Over Asking Price
New Listing Counts Lowest in Over 20 Years
For Buyers:
44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over asking …
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 …
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 …
