phoenix real estate market: March 2016 Phoenix Real Estate Market Report
- 04/07/16 07:21 AM
What's the biggest news reported in this month's Phoenix Area Market Conditions Report? The answer: the increase in number of sales from February to March. You might be thinking that's not so unusual because March had 2 more working days then February. While that's true, have a look at these numbers. There was a net increase of 2,731 sales from February to March. That's the largest single jump in month to month home sales since March 2011 when the increase was 2,777. That's really saying something because home sales were at rock-bottom in March 2011, and homes were flying off the shelf, so to speak. ... more … (1 comments)
phoenix real estate market: Metro Phoenix Home Sales Report: August 2015
- 09/14/15 12:37 PM
In this version of our Metro Phoenix Home Sales report we'll provide the facts and explain why we're still in a home seller's market -- even though housing sales are slowing and prices are slightly decreasing. Home sales tend to be cyclical across the country. Metro Phoenix is no different. The home sales cycle in 2015 has been much like any other year in our local housing market. Metro Phoenix home sales begin to accelerate in March, peak in June, and decline throughout the fall. We affectionately call this the "school shuffle" as parents try to complete moves before the new school year begins. Here is … (0 comments)
phoenix real estate market: Metro Phoenix Housing Report Update February 2015
- 03/12/15 12:08 PM
Welcome to the 1st month of the new sellers market. Home buyers had the upper hand since December 2013. The home buying tables have turned. This edition of our housing report will show home sellers have the advantage. Home sellers - this housing report is to get your attention. During 8 years of reporting on the Phoenix real estate market it's become clear that the Cromford Report is the premier source in Metro Phoenix for determining overall market balance. According to Michael Orr who publishes the report: The "Cromford Market Index™ is a value that provides a short term forecast … (1 comments)
phoenix real estate market: Phoenix Housing Market Report for January 2015
- 02/24/15 08:11 AM
We are late with our Phoenix Housing Market report this month. But we are committed to doing it consistently so here it goes. We experience the same thing each January: the slowest sales of the year. There were 4,791 home sales recorded within the Arizona Regional Multiple Listing Service for January 2015. That translates to 1% lower than the year-over-year sales for January 2014. While it's not a dramatic decrease we'd like to see it go in the opposite direction. The sales numbers describe residential home sales including single family residences, townhomes, Gemini twin homes, condominiums, manufactured homes, and patio homes. … (0 comments)
phoenix real estate market: Phoenix Housing Market November 2014
- 12/27/14 03:18 AM
100 is a balanced housing market, over 100 a seller's market, under 100 a buyers market. Our analysis of the Phoenix Housing Market will begin with the Cromford Market Index.® You will remember a housing market index of 100 equals a completely balanced market where the supply and demand between home buyers and home sellers is in harmony. A number over 100 indicates a seller's market and a number under 100 indicates a buyers market. The current index of 91.7 gives the advantage to buyers. However, the number is not so far away from 100 that home sellers need to panic.
Let's … (1 comments)
phoenix real estate market: Phoenix housing market October 2014: Welcome to the new normal
- 11/07/14 06:15 AM
The Phoenix Real Estate Market is no longer the volatile landscape of years gone by. There are no longer multiple offer wars and huge inventories of unfairly low-priced foreclosures. there are no longer rumors of another housing bubble in 2014. Rumors have vanished about foreclosure shadow inventory. Hedge funds are no longer buying up mass quantities of real estate to turn into rentals. You might say things have become pretty boring. Welcome to the new "normal." You hear realtors say the time "this is the perfect time to buy or sell." It's almost cliché. Well, let's talk about how stable things are in Metropolitan Phoenix. HOUSING … (0 comments)
phoenix real estate market: Phoenix Housing Market September 2014: the good and the bad
- 10/09/14 01:44 AM
The Phoenix Real Estate Market has it's ups and downs, just like any housing market. The good news for for potential home buyers and property sellers alike: home sales to owner occupants (those wanting to live in the homes ) are up 6% from 12-months ago. This seems to indicate that more potential buyers are reasonably at ease with the state of the housing market and are making a commitment to buy a house. Phoenix Housing Market Information The bad news is for people trying to sell homes: overall sales remain at a six-year low, due mostly to a 36% decrease in investor sales. I … (2 comments)
Subsequently we publish a professional video that effectively makes the viewer an expert in the Phoenix real estate market in 3 minutes.
Get all the information you need on active inventory, Phoenix foreclosures, monthly sales, sales price per square foot, and days on market. We also throw in some explanations and predictions.
Enjoy our video on the Phoenix … (0 comments)
phoenix real estate market: August 2014 Phoenix Real Estate Market Results by Phoenix Realtors
- 09/10/14 03:21 AM
The Phoenix Houing Market is more balanced. It's not for the reason you may think. Housing demand is not increasing in the Phoenix real estate market. In fact, demand for homes has continued to decrease since April. The reason lies with the number of homes for sale in the Phoenix MLS. While 25,000-26,000 listings is normal for the Phoenix real estate market there are currently 23,326 available homes in the Phoenix MLS. It's good news for sellers. If that were not the case sellers would be facing growing competition from each other.
The Cromford Market Index™ (CMI) measures … (4 comments)
phoenix real estate market: VIDEO: Phoenix real estate market results July 2014
- 08/23/14 07:43 AM
I report on the Phoenix real estate market every month. I've been doing it for 6 years because I have a statistical mind and actually enjoy monitoring and predicting trends. But 1st and foremost it's a value added service for our clients. Our monthly Phoenix real estate market report was published 2 weeks ago. This is the video version. Do you think people like watching videos or reading blog posts?
To read our blog post on the Phoenix real estate market go here: Phoenix real estate market updates Housing demand has been down for quite some time now. We've been in a buyers market … (3 comments)
phoenix real estate market: July 2014 Results: Phoenix Real Estate Market - Seller's Get Help
- 08/09/14 06:42 PM
The Phoenix Real Estate Market is inching towards a more balanced market because active listings in the Phoenix MLS are dropping. Active Listings in the Phoenix MLS August 2014 began with 22,081 active Phoenix MLS listings. Active listings in the Phoenix Real Estate Market have dropped for 5 consecutive months with a net loss of 4,500 homes for sale. 25,000 listings are normal for the Greater Phoenix MLS. New listings are at their lowest levels in 14 years and sellers who are not getting attractive offers are taking their homes off the Phoenix Real Estate Market.
Sales in … (0 comments)
phoenix real estate market: Perspective: Phoenix Real Estate Market Results for June 2014
- 07/16/14 12:47 PM
Sales Reported from the Metro Phoenix MLS What's the big news in the Phoenix real estate market? Home sales peaked early in April and have trended downward for 2 consecutive months in what is normally a strong buying season from March through August for the Metro Phoenix MLS. June has been the peak selling month ... June has been the peak selling month in the Phoenix real estate market for 4 of the last 5 years, though technically the months of April-June 2010 each averaged about 9,200 sales. We've been discussing the reasons for less buyer demand since January: Investor … (0 comments)
phoenix real estate market: Phoenix Real Estate Market Results May 2014 by local Realtors
- 06/18/14 09:01 AM
Phoenix MLS Housing Sales Realtors in the Phoenix real estate market closed 7,490 home sale transactions in May 2014. That's 178 less than April of 2014. Year-over-year sales are down considerably from 9,444 home sale transactions in May 2013. Additionally, home sales are the lowest point since 2008, six years ago. Real Estate Agents recognize spring and early summer as the peak buying season. Home buying demand has decreased in the Phoenix real estate market. The outlook is for a home buyer's market for the rest of the year. Desire a more comprehensive look at sales trends? Go here: PHOENIX REAL … (0 comments)
phoenix real estate market: Phoenix Real Estate Market Report for April 2014 | Housing Tracker
- 05/08/14 01:28 AM
Welcome to our Phoenix real estate market report for the recently finished month of April 2014. April is the 5th month of the buyer's market that began in December 2013. The biggest question on most people's minds is: "what's happening to supply and demand?" Let's start with supply. Inventory in the Phoenix Real Estate Market Housing inventory has become very stable in the Phoenix MLS averaging 26,200 homes in the last 4 months. As a historical perspective, listings were at a 7 year low in the summer of 2012 when they stayed under 13,000 for 3 consecutive months. This event triggered … (0 comments)
phoenix real estate market: Phoenix Real Estate Market Trends in March 2014: Home Buyer's Market
- 04/11/14 01:23 AM
The Phoenix Real Estate Market buying season is in full swing this time of year but something is missing: the full swing. This year the inventory of properties in the Phoenix MLS is higher and buying demand is lower. Welcome to month #4 of the Buyer's Market. The market index is at 84.5. "Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years in the Phoenix Real Estate Market. Values below 100 … (0 comments)
phoenix real estate market: Phoenix Real Estate Market Confusion? Stop it now!
- 03/28/14 04:56 AM
If you've ever been confused about the local housing market our Phoenix Real Estate Market Newsletter is the best way to stay informed. Have you ever been frustrated by the lack of accuracy reported by the national and local media? Is what you hear and read out of date or fueled by speculation and rumor? We're here to solve that problem with our Phoenix Real Estate Market Newsletter. Why you ask? It's because we've been doing unbiased reporting for a very long time with a motto of "Where FICTION meets FACT and MYTH meets REALITY." You can find our complete … (0 comments)
phoenix real estate market: Phoenix Real Estate Market Results February 2014 | Housing Tracker
- 03/12/14 04:57 PM
We finished our Phoenix real estate market report for February 2014. We are solidly into a buyer's market and even the doubters are beginning to believe. The below information will bring you up to speed. You can visit our blog through various links in the post to get all the details. Phoenix Real Estate Market Listings February began with 25,619 active listings in the Phoenix real estate market and ended with 26,618, or an increase of 999 active listings. Before the boom and crash years those listing numbers were the normal counts for the Phoenix real estate market. Essentially inventory has … (0 comments)
phoenix real estate market: Phoenix Housing Market Report February 2013 with inventory and sales
- 03/23/13 09:48 AM
The Phoenix Housing Market started February 2013 with 17,643 active listings in the Phoenix Area MLS. The number of MLS listings was up slightly from January 2013 but in line with the previous three-month average of 17,461 homes for sale. A continuing trend in the Phoenix Real Estate Market is the decreasinig number of foreclosure-type sales, with only 12.5% of all listings being bank owned homes (REO's) or short sales. 2007 was the last time foreclosure-type listings this low. See here: Phoenix MLS Listings by Month The "numbers within the numbers" in the Phoenix Housing Market: Normal listings - up 19.1% Lender owned listings - … (0 comments)
phoenix real estate market: Phoenix Housing Market: January 16, 2013 | Phoenix Real Estate Market
- 01/16/13 09:00 AM
Phoenix Housing Market: January 16, 2013 Price per square foot in the Phoenix Real Estate Market The average price per square foot in the Phoenix Housing Market rose to $108, up $2 from the previous month. The year over year (YOY) increase is $24 from the prior December 2011, whereas the overall surge in price per square foot from the bottom of the market (March-April 2011) is $31. In the Phoenix Real Estate Market the first few weeks of December was influenced by numerous sales of high end properties whereas the final few days witnessed a growth in lower end residences, … (0 comments)
phoenix real estate market: Phoenix home listings up in July! Slight increase in MLS properties
- 07/07/12 09:46 AM
Okay, so an increase of 377 home listings in the Phoenix MLS is not a huge number. But this is the 1st time in awhile that our Phoenix housing tracker is reporting an increase in the number of active homes for sale in our real estate market. The total number is 12,962 homes for sale. Click here to see the charts: Phoenix Real Estate Listings by Month. So what does that really mean? Honestly, not a whole lot. 377 homes is not enough to make a dent in our current seller's market (not even a pimple on a dent). But it's … (2 comments)
Phoenix area real estate market conditions, Metro Phoenix homes for sale, Metro Phoenix foreclosures, plus statistics and photos and news.
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What's the biggest news reported in this month's Phoenix Area Market Conditions Report? The answer: the increase in number of sales from February to March.
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