Market Report

Short Term Rentals up 23% NE Valley MLS Rental Supply up 60% in 5 Months For Buyers: Don’t be fooled by the small increase in supply and decrease in demand compared to last year. The Greater Phoenix housing market is far from weak and will continue to

Cost to Rent vs. Buy in 2022 Owner Occupant Buyers Retreated in 2021 For Buyers: As the cost of purchasing a home increases in Greater Phoenix, the question of whether to rent or buy becomes harder to answer for some buyers.  The overall median cost of

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