Market Commentary

Jan. 29, 2019

January28 Phoenix Market Summary

Posted in Market Commentary
Share This Post
Jan. 14, 2019

Phoenix Metro Market Forecast- 2019

Rising Home Prices May Slow

Valley home prices are expected to climb at a slower pace or flatten out during the coming year.

Housing market watchers including Realtor.com expect Phoenix home prices to climb between 4 and 6 percent this year.

This forecast is based on pending sales, population ...

Posted in Market Commentary
Share This Post
Oct. 15, 2018

Phoenix Metro Market Report

Posted in Market Commentary
Share This Post
Sept. 13, 2018

Market Statistics September 2018

                                   Statistics Phoenix Metropolitan Area

                                              September 13, 2018

 

Total Active Residential Listings                                                                                            16,187 (Active)

                                                                                                                                             20,042 (Contingent)

Average Market Time                                                                                                            59.9 days

Compared to last year at this time                                                                                       65.53 days

List price vs. sales price                                                                                                        97.9%

Compared to last year                                                                                                           97.6 ...

Posted in Market Commentary
Share This Post
Aug. 6, 2018

Metro Phoenix Home Prices Set Record

In June,the Valley's median home price soared past the previous record to reach $268,000 according to the Arizona Regional Multiple Listing Service.  The previous record of $265,000 was set in June of 2006.

Comparing the Valley's housing market prior to the 2006 rise in ...

Posted in Market Commentary
Share This Post
July 9, 2018

Phoenix new homebuilding

New homes are being built in the Phoenix area at the fastest pace in 10 years, and prices are climbing faster than they have in five years.

All signs indicate that the Phoenix metro homebuilding market is in recovery.

More than 1,950 new homes were sold valley wide in ...

Posted in Market Commentary
Share This Post
June 11, 2018

Market Summary June 1, 2018

Starting with the basic ARMLS numbers for June 1, 2018 and comparing them with June 1, 2017 for all areas & types:

  • Active Listings:  16,018 versus 12,129 last year - down 13.3% - and down 1.9% from 16,329 last month
  • Under Contract Listings: 11,399 versus ...
Posted in Market Commentary
Share This Post
Feb. 12, 2018

February Commentary

MLS Sales Over $1M up 36%
Inventory Under $150K Down 62%

For Buyers:

Buyers continue to have a tough time finding inventory on the low end of the market. New listings overall are down 9% year-to-date thus far, which doesn’t help matters. Compared to February last year, inventory under $150K ...

Posted in Market Commentary
Share This Post
Jan. 15, 2018

Phoenix Job Market

The population of Phoenix has grown to more than 1.6 million people.  We have a diverse economy built on the foundation of tourism, manufacturing, tech, financial, healthcare and educational institutions.  Phoenix is part of Maricopa County which was recently named as the nations fastest growing county, adding ...

Posted in Market Commentary
Share This Post
Oct. 30, 2017

September 2017 Market Summary

Realtor.Com has ranked the Phoenix metro area as the number one market in the country with a rise in our median price to $300,000 representing a median price rise this year of 5.94% and a sales growth of 7.24%.

Maricopa County showed a daily population increase ...

Posted in Market Commentary
Share This Post