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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 […]

March 2023 Arizona Real Estate Market Update

Here is a full list of all the charts, click here I hope this helps; please call me to know what’s happening in your market.  Yes prices are ticking back up, its in the data.  Although it doesn’t feel like it, it is.  From May 2022 till now, prices have come down 13.3%.  Will they […]

Mid-December AZ real estate market update

arizona real estate market update

Happy Holidays everyone, and I wish you the best in the coming year!! If you’re considering buying or selling real estate this coming year, you will want to read this article, as this is an up-to-date market analysis from the Cromford report, the best data source from the Arizona MLS! Click here for a list […]

Mid-November 2022 Arizona Real Estate Market update – Cromford Report

For the complete list of Charts to explain the Real Estate market for November 2022, click here. The biggest question is when interest rates will fall. High-interest rates have caused a low contract ratio, falling prices, and low demand. When will buyers feel comfortable coming back to the table with all this pent-up demand? Most […]