

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...


Greater Phoenix Buyer Contracts Down 15% It’s Still a Good Time to Sell… For Now
For Buyers: The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who...

AZ Housing Market...Buyer's Market or Seller's Market?
I have started to see a few writers claim that Phoenix is becoming a buyer's market. I think this is a huge stretch. It is possible that...


Market Summary for the Beginning of 2019
As we enter the New Year, the final statistics are in for December 2018. Starting with the basic ARMLS numbers for January 1, 2019 and...

A Far More Positive Picture for Sellers Than Expected
Below is he Cromford® Market Index numbers for the single-family markets in the 17 largest cities in the Valley. The Cromford Market...