Mid-December AZ 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 […]
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 […]
📈 Real Stats on why our Real Estate market in Arizona is so strong. Expect prices to continue to rise, not as many multiple offers, and fewer contingencies.
Supply & Demand: Supply is all of the properties; demand is all of the humans. The relationship between supply and demand dictates pricing in all sectors. There are influences that solely impact supply or demand, but those influences do not directly change sales prices. Mortgage interest rates influence demand and buyer behavior, but it does […]
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 […]
Market report for August 2020 for Phoenix Metro
August Phoenix Metro Market Report: 2020-AUGUST-STATRemarkable. This is the word most used to describe the current state of our housing market. Even after our unemployment numbers rose above 12% in April and the U.S. economy contracted nearly 33% in the second quarter, in June buyers returned to our market. We are living in a time […]