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....
Active Listings Down 40%, yet Sales Up 20% from October 2019
Here are the basics - the ARMLS numbers for November 1, 2020 compared with November 1, 2019 for all areas & types: Active Listings...
Homes Under Contract Up 36% from this Time Last Year!
For Buyers: A common complaint in the resale market is “there’s nothing for sale”. However from July through September, the Realtor®...
Wow! 17% Spike in Contracts over $600K in August 34% of Homes Closed Over Asking Price
For Buyers: The first few weeks of August saw a surprising 17% spike in listings under contract over $600K. This is highly unusual as...
Phoenix Real Estate Market is Still HOT!
Once again, here is our table of Cromford® Market Index (CMI)* values for the single-family markets in the 17 largest cities The number...
Average Price Per Square Foot Hits Record Highs
Below is our table of Cromford® Market Index* values for the single-family markets in the 17 largest cities. For the first time since...
July Breaks Records in 2020: 65% of Homes Affordable in Greater Phoenix
For Buyers: It’s a jungle out there for buyers, but despite recent appreciation rates the HOI* measure for Greater Phoenix increased to...
AZ Housing Market is HOT...Top 5 AZ Cities Selling Over Asking Price
For Buyers: Greater Phoenix has a population of approximately 4.8 million people and 1.4 million single family homes, condos and...
AZ Housing Market Supply Hitting Historical Low
The market is becoming so lop-sided it is approaching absurdity. Demand has recovered and is now close to normal in most areas. The...
Listings Under Contract Hit New Highs
Listings under contract continue to accumulate as buyers write up contracts for the diminishing supply of homes for sale. Note how 2020...
