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 of 222.(Approx. 81,000)

Phoenix is now the 5th largest city in the U.S.

There has been an increase of 165 new jobs daily.

WalletHub.com ranked Scottsdale as the number one best city for jobs.

As of the end of September 2017 a normal seasonal pattern is in place.  Buyer demand continues to be strong in all price areas, with inventory up slightly and sales dropping off slightly.

Valley wide there were 6,179 closings in the Valley.  With 15,057 homes currently active, this represents a 2 1/2 month supply of homes for the entire valley. 

We continue to be a strong sellers market.

Posted in Market Commentary
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