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September 2025 Phoenix Real Estate Market Report
Payments Drop 12%, Monthly Sales Up As the Market Turns: Could a Recession be Good for Housing? For Buyers Be aware, the market is turning. Reading the Cromford® Market Index (CMI) for Greater...
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January 2023 Phoenix Real Estate Market Report
Phoenix Buyer Market – Aaaand It’s Gone Median Price Down $65,000 Since May For Buyers: Last year, traditional buyers took a back seat to an influx of cash investors and speculators who outbid them....
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June 2022 Phoenix Real Estate Market Report
MLS Supply Up 113% Over Last Year Median Days Prior to Contract Rising For Buyers: Market conditions continue to get better for buyers undeterred by rising mortgage rates. Over the last 10 weeks,...
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May 2022 Phoenix Metro Real Estate Market Report
MLS Supply Up 45% in 6 Weeks Rising Interest Rates Dropping Demand Quickly For Buyers: It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up...
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April 2022 Phoenix Real Estate Market Report
57% of Sales are Over Asking Price Median Sale Price Up 27% to $457,000 For Buyers: Supply is still the top concern for buyers these days and we continue to look to new construction to add new homes...
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March 2022 Phoenix Real Estate Market Report
Short Term Rentals up 23% NE Valley MLS Rental Supply up 60% in 5 Months For Buyers: Don’t be fooled by the small increase in supply and decrease in demand compared to last year. The Greater Phoenix...
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Phoenix Real Estate Market Update – January 2022
Cost to Rent vs. Buy in 2022 Owner Occupant Buyers Retreated in 2021 For Buyers: As the cost of purchasing a home increases in Greater Phoenix, the question of whether to rent or buy becomes harder to...
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November 2021 Phoenix Real Estate Market Report
2022 Housing Predictions: Who to Believe? Median Price Currently Rising 1% per Month on Average For Buyers: ‘Tis the season for 2022 projections in the housing market and, as expected, there are...
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Phoenix Metro Real Estate Market Report September 2021
Contract Activity Spiked 20% In This Price Range Luxury Sellers Over $1M Enjoying a Hot Summer For Buyers: Buyer demand has rallied sharply over the past 4 weeks, which is unusual for this time of...
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August 2021 Phoenix Metro Real Estate Market Report
Supply Up 42% Since May, Price Reductions Up 131% Affordability Dips Below Normal to 56% For Buyers: There is a little relief ahead for buyers in Greater Phoenix. Supply continues to rise in price...
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July 2021 Phoenix Metro Real Estate Market Report
What’s Ahead for Sellers as Demand Weakens Median Sales Price Up 29%, Fewer Contracts For Buyers: Buyers with budgets over $300,000 may be noticing that they have more listings to choose from compared...
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Don’t Be Fooled by Remarkable Real Estate Headlines
Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping...
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2021 Housing Bubble Ready to Pop?
3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing...
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January 2021 Phoenix Real Estate Market Report
2020 Broke the Record for Luxury Sales Supply Down 51%, Slim Pickings in 2021 For Buyers: There were 111,036 new listings added to the Arizona Regional MLS (ARMLS) in 2020, only 38 more than 2019,...
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November 2020 Phoenix Real Estate Market Update
November 2020 Market Update courtesy of Cromford Report — Demand for Homes Up 36%! — Rents up 17% Since April! Here are the basics for November 1, 2020 compared with November 1, 2019 for all areas...
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Phoenix Metro Real Estate Market Report July 2020
Market Summary for the Beginning of July Top 5 Cities Selling Over Asking Price Contracts Accepted in 8 Days or Less Under $400K Here are the basics – the ARMLS numbers for July 1, 2020 compared with...
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March 2020 Phoenix Real Estate Market Report
Officially a Frenzy: 11% More Contracts Than Listings For Sale Contracts Over $1M up 60% Over Last Year Market Summary for the Beginning of March The supply situation is even more extreme than last...
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January 2020 Phoenix Real Estate Market Report
Market Summary for the Beginning of 2020 Courtesy of The Cromford Report The current situation is remarkable. Here are the basics – the ARMLS numbers for January 1, 2020 compared with January 1, 2019...
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Top 3 Myths About Today’s Real Estate Market
There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we...
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August 2018 Phoenix Real Estate Market Report
Supply between $200K-$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...
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