Market Report

2020 Broke the Record for Luxury Sales Supply Down 51%, Slim Pickings in 2021 For Buyers: There were 111,036 new listings added to the Arizona Regional MLS (ARMLS) in 2020, only 38 more than 2019, while 100,650 sold.  As of January 10th, 2021 there wer

November 2020 Market Update courtesy of Cromford Report — Demand for Homes Up 36%! — Rents up 17% Since April! Here are the basics for November 1, 2020 compared with November 1, 2019 for all areas & types: Active Listings: 8,682 versus 14,525 l

Market Summary for the Beginning of July Top 5 Cities Selling Over Asking Price Contracts Accepted in 8 Days or Less Under $400K Here are the basics – the ARMLS numbers for July 1, 2020 compared with July 1, 2019 for all areas & types: Active Listi

Officially a Frenzy: 11% More Contracts Than Listings For Sale Contracts Over $1M up 60% Over Last Year Market Summary for the Beginning of March The supply situation is even more extreme than last month. Rapidly rising prices have done little to dampe

Market Summary for the Beginning of 2020 Courtesy of The Cromford Report The current situation is remarkable. Here are the basics – the ARMLS numbers for January 1, 2020 compared with January 1, 2019 for all areas & types: Active Listings: 12,141 v

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just pl