Market Commentary

June 10, 2019

Home Prices Continue to Accelerate in Metro Phoenix

Home Prices continue to rise in metro Phoenix, according to the latest CoreLogic Home Price Index.

Valley home prices gained 6.2% between April 2018 and April 2019, the report said.  That's still significantly higher that the 3.6% average home price growth across the country, and was ...

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Posted in Market Commentary
May 24, 2019

Phoenix,Buckeye fastest growing US Cities

Population Growth

These two Arizona cities are the fastest growing in the US, according to population estimates released by the U.S Census Bureau.

Buckeye's population saw the largest percentage growth of any city in the country, growing in size by 8.5% between July 1, 2017 and July ...

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Posted in Market Commentary
April 29, 2019

Maricopa County again fastest growing in the nation

More people moved to Maricopa County than any other county in the nation last year, according to the U.S. Census Bureau.

This is the third year in na row that the county led in growth.

The County added 81,244 people between July 2017 and July 2018. That's ...

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Posted in Market Commentary
Jan. 29, 2019

January28 Phoenix Market Summary

Posted in Market Commentary
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 ...

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Posted in Market Commentary
Oct. 15, 2018

Phoenix Metro Market Report

Posted in Market Commentary
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 ...

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Posted in Market Commentary
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 ...

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Posted in Market Commentary
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 ...

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Posted in Market Commentary
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 ...
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Posted in Market Commentary