Market Report

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

MLS Sales Outperform non-MLS Sales in Frenzy Market Supply Under $200K Down 36% Over Last Year For Buyers: Greater Phoenix ended the 1st Quarter 13% lower in supply, which was not helped by a 2% decline in new listings entering the market. All price ra

Median Sale Price up $20,000 over March 2017 17% of Sales are Closing Over Asking Price For Buyers: The percentage of seller concessions awarded to buyers has dropped down to 24% in the first quarter of 2018 after 2.5 years of consistently landing betw