Phoenix Arizona Housing Market Report

By
Real Estate Agent with Queen Creek Realtor, San Tan Valley Realtor, United Brokers Group (602)919-2375 SA 581636000
https://activerain.com/droplet/4FqF

Of course, our Queen Creek Real Estate market varies slightly from the Phoenix Arizona Housing Market Report, but most of the data is still applicable for our local housing market. The Market Report for Queen Creek and the San Tan Valley Market Report provide a more detailed look at the numbers for our region. Thanks to my amazing colleague, Beth Cox, Lead Market Analyst for United Brokers Group, I am able to provide you with the following information regarding the Phoenix Arizona Housing Market Report. Home prices are rising and homes that are priced well and show well are in some cases generating multiple offers! This is exciting news for our local real estate market.

"Multiple offer, high demand, and low inventory conditions continue as we enter a busy time of year for families looking to move in between school years. Rental inventory is scarce. Interest rates are low, and it's a great time to buy or sell a home. Freddie Mac's average 30 year fixed interest rates are still well below 4%.

Supply and demand ratios will always be the best way to predict the market, and spring 2015 in Phoenix has been encouraging in that sense. From January through May of this year, ARMLS reported just over 35,000 closed transactions in Metro Phoenix. During that period there were 50,370 new listings, corresponding to a 70% absorption rate, the fourth highest rate in the last 15 years. We are in a seller's market, and inventory is quickly being absorbed. For perspective, the same period in 2006 saw 80,500 new listings and only 32,918 closings--a 41% absorption rate. Last year the absorption rate was 61%."16

Data Source: ARMLS.

Click here for a chart comparing absorption rates for the last 15 springs in Phoenix.

- Beth Cox, Lead Market Analyst for United Brokers Group

Note: UCB is a designation used for a listing that is "Under Contract Accepting Back-Up Offers"

For a detailed look at the Phoenix Arizona Housing Market Report June 2015, just click on the image below.

June Arrows 2015

For a detailed look at the Phoenix Arizona Housing Market Report May 2015, just click on the image below.

For a detailed look at the Phoenix Arizona Housing Market Report April 2015, just click on the image below.

April Arrows 2015

For a detailed look at the Phoenix Arizona Housing Market Report March 2015, just click on the image below.

March 2015 Arrows

For a detailed look at the Phoenix Arizona Housing Market Report February 2015, just click on the image below.

Feb Housing Metrics 2015

 

For a detailed look at the Phoenix Arizona Housing Market Report December 2014, just click on the image below.

 

Dec Housing Metrics 2014

 

For a detailed look at the Phoenix Arizona Housing Market Report November 2014, just click on the image below.

 

 

 

For a detailed look at the Phoenix Arizona Housing Market Report October 2014, just click on the image below.

 

Oct Housing Metrics 2014

 

For a detailed look at the Phoenix Arizona Housing Market Report September 2014, just click on the image below.

 

September Housing Metrics 2014

 

For a detailed look at the Phoenix Arizona Housing Market Report August 2014, just click on the image below.

 

August Arrows Market Report 2014

 

 

For a detailed look at the Phoenix Arizona Housing Market Report July 2014, just click on the image below.

July Housing Metrics 2014

As a full-time, experienced Realtor living and working in the areas of Queen Creek and San Tan Valley Arizona, I am always available to answer your real estate related questions. If you are interested in buying or selling a home in Queen Creek or San Tan Valley Arizona, or if you would simply like a FREE market analysis of your property, then please do not hesitate to contact Karen Berg at 602.919.2375.

Of course I’d love to help you any time you need to buy or sell, but I’m also here for you any time you have a question about the market. You can also feel free to call if you’re simply curious about the listed or sold price of a house down the street. I’m looking forward to hearing from you soon!

 
Queen Creek Realtor
21321 E Ocotillo Rd C108
Queen Creek, AZ 85142
602.919.2375
 
 
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Queen Creek Arizona Real Estate Connection
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Tags:
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phoenix arizona housing market report may 2015

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Ambassador
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Anna Banana Kruchten CRB, CRS, GRI, WLS
HomeSmart Elite Group - Phoenix, AZ
602-380-4886

Karen great market report.  I wondered if Queen Creek and San Tan Valley was seeing the same numbers we're seeing in the North Valley.  Crazy hot market and more to follow.

Jun 16, 2015 09:31 AM #1
Rainmaker
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Karen Berg
Queen Creek Realtor, San Tan Valley Realtor, United Brokers Group (602)919-2375 - Queen Creek, AZ
Experience Matters!

Exciting times for sure! The housing market is heating up with the rising temperatures...scorching hot!

Jun 16, 2015 12:08 PM #2
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Rainmaker
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Karen Berg

Experience Matters!
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