Market Report

2022 Housing Predictions: Who to Believe? Median Price Currently Rising 1% per Month on Average For Buyers: ‘Tis the season for 2022 projections in the housing market and, as expected, there are conflicting opinions among national housing analysts. Zil

Contract Activity Spiked 20% In This Price Range Luxury Sellers Over $1M Enjoying a Hot Summer For Buyers: Buyer demand has rallied sharply over the past 4 weeks, which is unusual for this time of year.  The rally is exclusively between $400K-$800K, sp

Supply Up 42% Since May, Price Reductions Up 131% Affordability Dips Below Normal to 56% For Buyers: There is a little relief ahead for buyers in Greater Phoenix.  Supply continues to rise in price points between $300K-$1.5M and buyer demand has settle

What’s Ahead for Sellers as Demand Weakens Median Sales Price Up 29%, Fewer Contracts For Buyers: Buyers with budgets over $300,000 may be noticing that they have more listings to choose from compared to a few months ago. This is especially true in the

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will cer

3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the