Arizona Real Estate Market Update May 24th
Thanks for reading my blog on the updated market report for the Phoenix Metro area, a lot has changed in the last few months with higher interest rates, 25% + in inventory, affordability, and more. Prices will continue to rise in this environment but you will see in the coming months that you have more […]
Arizona Real Estate Market Update for February 2022
Median Days on the market to contract = eight days Annual appreciation 27% Year over year. Sales over asking price 42% 4760 Active listings (We Need 16,000-18,000 to be in a stable market) DOM 8 days until contract Cromford Market index is at 460. When this number reaches below 100, only then will the price […]
What does it mean to be in a seller’s market?
What Does Being in a Sellers’ Market Mean? Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with […]
August 2021 AZ Real Estate market update
Here is the latest addition to the Phoenix Metro real estate market update, helping you decide whether to buy or sell a property In Arizona. Its been a very frustrating time for many people that need a place to live competing with cash and out-of-town buyers but like my last market update was labeled “Relief […]
Arizona market update. Relief coming for home buyers.
After experiencing 25% appreciation since a year ago in some parts of the valley in post covid, Arizona may be taking a breather, but it’s complex. Here are the top charts from our latest 2021 real estate market report that explains why Arizona is due for a slow down, why prices will continue upward for […]
Arizona Real Estate Market Update for May 2021
I hope this data helps you understand where the market is heading and what you can expect with future home prices. This information is based on facts and data from the Cromford Report, the MLS, and quality sources that you can trust. If you own a home, you want to know where your investment is […]
April 2021: Arizona housing Market Update and how to predict where home values are going.
Phoenix is one of the hottest real estate markets in the U.S. The Greater Phoenix housing market is booming. The buyer demand refuses to die down despite increasing mortgage rates. The median sales price has reached $360,000, which is an increase of $55,000 or +18.1% from the April of last year. There was a good supply of […]
How to find your property’s value?
Click here A Comprehensive Guide to Evaluating a Home’s Value Introduction: Determining the value of a home is a crucial step in the buying or selling process. Whether you are a homeowner looking to sell or a prospective buyer aiming to make an informed decision, accurately evaluating a home’s worth is essential. In this blog […]
Arizona home prices are not coming down anytime soon. October 2020
Be prepared to be shocked, mass migration is underway and Arizona life is being changed slowly. Real estate prices are not coming down anytime soon and the election will have no impact on home prices, so if you’re waiting don’t. There are not a lot of good options out there because if you rent, rents […]