MLS Supply Up 45% in 6 Weeks: Rising Interest Rates Dropping Demand Quickly
For Buyers: It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from...
57% of Sales are Over Asking Price: Median Sale Price Up 27% to $457,000
For Buyers: Supply is still the top concern for buyers these days and we continue to look to new construction to add new homes and ease...
Greater Phoenix Housing Market Far from Weak...Prices to Appreciate in the Foreseeable Future
For Buyers: Don’t be fooled by the small increase in supply and decrease in demand compared to last year. The Greater Phoenix housing...
Housing Market Fact OR Fiction...Test Your Knowledge
When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks...
Supply Up 42% Since May, Price Reductions Up 131% Affordability Dips Below Normal to 56%
For Buyers: There is a little relief ahead for buyers in Greater Phoenix. Supply continues to rise in price points between $300K-$1.5M...
Waiting To Buy a Home Could Cost You
Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The...
Home Price Appreciation Is as Simple as Supply and Demand
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item...
44% of Sales Closed Over Asking Price: New Listing Counts Lowest in Over 20 Years
For Buyers: 44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over...
35.2% of Homes Sold In Phoenix this Month, Sold for Over List Price
Once again, here is our table of Cromford® Market Index* values for the single-family markets in the 17 largest cities as of August 20,...
Pandemic Effect: Closed MLS Sales Down 31% Look Who’s Back: Weekly Contracts Up 40% in 4 Weeks
For Buyers: Greater Phoenix contract activity dropped 39% over the course of 6 weeks between March and mid-April. The effects of those...
