May and June 2019 Were Exceptionally Strong, Despite Slow Start The Beginning of the Year!
The months of May and June 2019 were both exceptionally strong, especially considering the market was looking wobbly back in January. Let...
AZ Remains a Seller's Market
After 2 complete weeks have elapsed we can take a fair reading of how June is doing. It is good news for sellers once again. Closed...
Monthly Sales Up 7.1% in Greater Phoenix...Higher Incomes in Greater Phoenix Fueling More Contracts
For Buyers: Re-sale prices are not predicted to come down this year. Between August 2018 and January 2019 it looked like the market was...
Market Summary for the Beginning of June 2019
The month of May 2019 was a monster. New all-time records were set for sales units and dollar volumes through ARMLS, surpassing not only 201
AZ Housing Market Summary for the Beginning of May
Starting with the basic ARMLS numbers for May 1, 2019 and comparing them with May 1, 2018 for all areas & types: Active Listings...
Median Sales Price up 5.9% to $270,000 in Greater Phoenix: Sales Rebound, Up 3.7% Over Last Year
For Buyers: The median rent paid on single family rentals through the Arizona Regional MLS is currently $1,625 per month, which is...
Mortgage Payments Drop $50 per Month on a Median Priced Home...Listings Under Contract Up 19% in 5 W
Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to 4.08%, which is the lowest they...
Price Reductions up 71% on Listings $200K-$250K: Sellers: Get Competitive, It’s “Buyer Season”
For Buyers: Good news for buyers over the past few weeks, interest rates came down a few notches. That combined with the increased loan...
List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas
For Buyers: A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019. That’s 24% higher...
Market Summary for the Beginning of February 2019
Starting with the basic ARMLS numbers for February 1, 2019 and comparing them with February 1, 2018 for all areas & types: Active...
