August 2019 Market Update

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If no more homes were to come on the market, the Phoenix valley would sell out of all existing homes in 1.37 months. 1.37 months! That's crazy low for a population our size. A "balanced market" is considered...
July 2019 Market Update

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Active listings are down 6.9% and sold listings are up 2.22% compared to this time last year. With the decrease in Months of Supply, the market in this area is showing signs of moving towards a sellers market.
June 2019 Market Update

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The Phoenix real estate market is really warming up. The first 3 months of 2019 were cooler than normal, then in April and May buyers made a strong return. Now, with only 1.5 months of supply, the Phoenix...
May 2019 Market Update

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Buyers are back in April as we saw a rise in home purchases last month. Active listings and sold listings are both up over 5% from the previous period. Median sales prices also are up 6.3% to $161.99/sq ft.
April 2019 Market Update

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Active listings are up 9.48% and sold listings are down 11.56% compared to this time last year. With the increase in Months of Supply, the market in this area is showing signs of moving towards a buyers market.
March 2019 Market Update

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As we move into March, active listings are up 12.33% and sold listings are down 8.95% compared to this time last year. With the increase in Months of Supply, the market in this area is showing signs of moving...
January 2019 Market Update

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Here is a snapshot of what's happening in our market:There are 11.3% MORE homes for sale today compared to a year ago, a significant increase. There were 12.4% FEWER homes sold last month compared to a year...
December 2018 Market Update

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The overall trend still points towards a more balanced home sales market. At the end of December 2018, there were 14,394 homes for sale in Maricopa County, up 4% from a year ago.
November 2018 Market Update

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In the Phoenix real estate market, the number of homes for sale has flattened out after last month's 7.6% increase. We now have the same number of Active Listings as a year ago (15,301 homes). However, buyer...