Market Updates

Nov. 27, 2018

November Numbers are In

New Listings Up 18% in October between $250K-$400K
The 4th Quarter is Seasonally the Best Time to be a Buyer

For Buyers:

Seasonally the 4th Quarter is the best time to be a buyer and this year is no exception. Typically buyer contract activity is at its strongest from March ...

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Posted in Market Updates
Oct. 24, 2018

October Numbers Are In

Seller Concessions Spike on Listings Sold between $200K-$250K

Price Reductions up 27% on Active Listings Between $250K-$400K

 

For Buyers:

October marks the 4th month in a row that supply has continued to rise between $200K - $400K, which is good news for many buyers as it provides them ...

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Posted in Market Updates
Oct. 1, 2018

September Numbers are in!

Supply Continues to Rise in the Middle

Seller Price Reductions up 46% and 61% in these Price Ranges

 

For Buyers:

Overall supply is down 9.6% compared to last September. At first glance that's nothing new. However, for those of you who pay close attention to our monthly infographic ...

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Posted in Market Updates
Aug. 30, 2018

August Numbers are In!

Supply Between $200-$250k has Risen 8.1% since May
Seller Price Reductions Up 7% in Popular Price Range

For Buyers:

If your budget lies somewhere between $200,000 and $400,000 for a home, there's good news for you. Supply between $200,000 and $250,000 has been ...

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Posted in Market Updates
June 28, 2018

June Numbers are In!

Is Greater Phoenix "Overvalued"?

Mortgage Payments are Lower Than They Were 13 Years Ago

For Buyers:

Interest rates have been increasing along with the inflation rate as of late, which has spawned a string of headlines about affordability. While the rate hike has knocked some buyers out of the market ...

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Posted in Market Updates
June 6, 2018

May Numbers are In!

Supply between $175K-$200K dropped 18% in 3 Weeks 

Summer is a good time to List Luxury Properties over $500K 

For Buyers: 

Supply under $200K has continued to drop rapidly, but the $175K-$200K range has accelerated its decline over the past month far more dramatically than ...

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Posted in Market Updates
April 4, 2018

Not Owning Your Home can Cost you A Lot of Money

 Click Here to see Article

Let's get real. Renting is easy. It feels comfortable to rent when you know you can easily call the landlord to fix the A/C, the garbage disposal or the refrigerator. There's no permanence to it. The fears associated with buying bring ...

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Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates