Market Report

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

Supply between $200K-$250K has Risen 8.1% since May Seller Price Reductions Up 7% in Popular Price Range For Buyers: If your budget lies somewhere between $200,000 and $400,000 for a home, there’s good news for you.  Supply between $200,000 and $250,00

Cost of Waiting to Buy Means Less Closet Space or Higher Payment More New Homes Sell in Low $200’s This Year For Buyers: Hearing cries for more affordable housing supply, developers have sold more new homes in the low $200’s this year; selling 35% more

Is Greater Phoenix “Overvalued”? Mortgage Payments Are Lower Than They Were 13 Years Ago For Buyers: Interest rates have been increasing along with the inflation rate as of late, which has spawned a string of headlines about affordability. While the ra

Supply between $175K-$200K dropped 18% in 3 Weeks Summer is a good time to List Luxury Properties over $500K For Buyers: Supply under $200K has continued to drop rapidly, but the $175K-$200K range has accelerated its decline over the past month far mor