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Slight Increase in Home Supply!
For Buyers: A faint glimmer of good news for buyers, supply finally stopped declining and actually rose a tiny bit in the last week. ...
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Extraordinary AZ Real Estate Market!
I cannot stress enough how unusual the active listing counts look this year, collapsing after hitting a peak at the beginning of March....
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LOWEST Number of New Listings Posted in at Least 18 Years...Contracts in Escrow Up Over 15%!
For Buyers: It’s slim pickings for buyers in Greater Phoenix these days unless your budget is over $500,000. Overall supply is 14%...
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AZ Real Estate Market is HOT...Favoring Sellers!
The market is hot and becoming very unbalanced in favor of sellers.
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Contracts up 19% between $250K and $600K!
For Buyers: New listings activated in June were down 10.0% compared to last June and overall supply has dropped 9.5% in 4 weeks, putting...
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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...
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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...
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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
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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...
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Under Contract Up 19% in 5 W"
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...