January 2025 Arizona Housing Market Update
As we approach the spring season, let’s take a look at what to expect for 2025, reflect on 2024, and explore the current trends in the Arizona housing market.
December 2024 Arizona Real Estate Market Update
The Phoenix real estate market is undergoing a notable transformation, offering one of the most favorable environments for buyers in the past decade. Let’s dive into the numbers and trends shaping this market.
November 2024 Arizona Real Estate Market Update
With the elections approaching, now is an excellent time to buy in Arizona. Despite rising interest rates reaching 7%, buyers can benefit from significant builder incentives, including 4% financing and up to $10,000 in concessions. The current market presents unique opportunities, as the contract ratio is low, and there’s ample supply. Sellers are offering concessions, making this a great time to negotiate. Stay informed and seize the moment!
Why home prices are so high in Arizona
https://youtu.be/pOD2lBUtSY0?si=EDn2gPl6lae61Cep Here is a chart for the entire US home building. Arizona has a special problem because of the population increase, their chart is below. We are only at the average annual units completed now. We still have had a decade of underbuilding. As of Sept 18th 2024 Hi there, I hope you had a […]
March 2024 Arizona Real Estate Market Update
March 2024 RE Market Update Click here for the latest Charts from the Cromford Report Welcome to my blog on the AZ Real Estate market, thanks for reading, I appreciate all of you. If I was to describe the market in one word, it would be BORING. Here’s why. Prices are level, and not moving […]
Arizona November Real Estate Market Update
As Christmas approaches, the real estate market slows, prices stabilize despite interest rates rising. Supply and demand are shifting towards a buyer’s market. Job growth in Arizona is strong, but the Cromford Market Index indicates a decline in some cities. The outskirts, with new builds, signal the start of buyer’s markets, and rental prices are gradually dropping. The real estate landscape is evolving with both challenges and opportunities as we head into the new year.
Arizona October Real Estate Market Update
For much of this year, the new listing counts have been extremely low—often more than 40% below the same period in 2022. We observed between 6,500 and 7,500 new listings every 28 days from May 25 to Oct 2.
September 2023 Real Estate Arizona Market update
Here is the updated September 2023 Market update! The current trends in the market are lessening the negotiation advantage for sellers and probably making them just a little nervous. The Active listings have finally hit bottom and are on the rise. More to choose from yet more competition for sellers. The above chart […]
June 2023 AZ Real Estate Market Report
Welcome to the June 2023 update on the Arizona real estate market. Despite the passage of the last few months, the landscape remains relatively unchanged, with dwindling inventory and a consistent upward trajectory in prices. As we step into the summer season, we anticipate a potential reduction in demand while hoping for a surge in […]
Mid May AZ 2023 Real Estate Market Update
Click here for all the charts from the Cromford Report Click here for charts from the MLS (a different perspective) The real estate market can be perplexing due to conflicting information from various sources, especially the media. High interest rates, affordability challenges, and recession fears have led some people to believe that a market crash […]