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...
Homes Under Contract Between $400K-$800K Up Almost 20%
For Buyers: Buyer demand has rallied sharply over the past 4 weeks, which is unusual for this time of year. The rally is exclusively...
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...
Housing Demand Weakens...What is to Come?
The weakening in demand that we have been seeing for several months is now showing up in the monthly sales numbers: The monthly sales...
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...
Will End of COVID 19 Forbearance Moratoriums Bring Flood of Distressed Homes into AZ Market?
Here are the basics - the ARMLS numbers for March 1, 2021 compared with March 1, 2020 for all areas & types: Active Listings (excluding...
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...