June 2017 Annual Changes

  FSBO Sales Up But Sell for Less New Home Sales Up 26% For Buyers: More buyers have turned to new homes so far this year.  Overall year-to-date new home sales are up 26% compared to last year as builders continue to add much needed supply to the marketplace.  All price ranges over $225K have

May 2017 Annual Changes

Phoenix is Hot, but a Bubble it’s Not For Buyers: Multiple offer situations and homes selling for more than list price have been making home buyers nervous over the past month. Returning boomerang buyers, having already suffered a short sale or foreclosure during the recession, are especially sensitive to memories of the infamous 2005 “bubble”

April 2017 Annual Changes

Seller Concessions Have Risen Despite Buyer Frenzy For Buyers: Buyers continue to find themselves in a frenzy of competition for homes as March recorded the highest number of non-distressed sales through the MLS since September 2005. While supply has dropped a significant 12.7% overall compared to this time last year, it’s dropped a whopping 22%

March 2017 Annual Changes

Supply Shortage Giving Buyers Headaches Buyers: It’s extremely rough to be a buyer right now, especially for those looking for lower priced homes.  While active listings are down 15% overall in the Valley, listings under $200K are down a whopping 30% from this time last year and declining, and active listings between $200K-$300K are down

February 2017 Annual Changes

More Qualified Buyers Expected in 2017 Supply is Down 9.3%, Buyer Demand is Up 4.5%! For Buyers: Buyers be prepared for another year of increased competition for existing active listings in the Phoenix Metropolitan Area, partly because of over 50,000 more foreclosures due to be removed from credit reports in 2017.  That’s in addition to

January 2017 Annual Changes

2016 Sales up 7% over 2015 2016 Median Sales Price 7.7% Higher than 2015 Welcome 2017!  The headlines these days are full of projections and reflections for the Phoenix Metropolitan Area residential real estate market.  To complement our monthly measures here are some year-end numbers to reflect on. 2016 MLS Sales – Up 7.0% overall