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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...
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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...
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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...
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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...
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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....
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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®...
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34% of Homes Closed Over Asking Price"
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...
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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...
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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,...
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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...