Current Metro Phoenix Real Estate Market

Boring, flat, tedious, tame and humdrum are just a few of the terms local writers have used to describe the first six months of our housing market. If our current housing market were a color, it would most likely be beige. Home sales volume for the first half of 2014 was 16.4% lower than the […]

Southeast Valley Active Listings Updates May 2014

Total Active Listings as of May 9, 2014 = 26,292*, approximately 3.43 months supply.  Total Active Listings as of April 10, 2014 = 26,722*, approximately 3.96 months supply and down by 430 fewer listings. Total April 2014 Closings for metro Phoenix 7,673, up from 6,743 closings in March.  Thus far however, closings in 2013, January […]

December 2013 ARMLS STAT Report

To highlight the Dec 2013 STAT report and commentary by Tom Ruff of The Information Market, I note the following: November closings 5,206 (compared to 6,810 last Nov) (ill. #1) Sales volume down 23.6% from last year New listings down 22.4% (month -over-month) and 2.8% lower than last Nov New November listings 8,304 Total inventory […]

Are We Headed Into a Buyers Market?

Here’s the November 2013 ARMLS (Arizona Regional Multiple Listing Service) STAT report prepared by Tom Ruff of The Information Market and I’ve highlighted some interesting points he’s currently making:
•There is a striking shift between supply and demand
•We are currently in a balanced market
•Supply is increasing and demand is “rapidly” falling
•We are quickly moving into a buyers market which should surprise most sellers

Phoenix #3 of 7 Markets Showing Big Home Price Growth

Happy New Year! Good news on the housing front…. Home prices are inching up across the country, as a housing recovery ripples through once hard-hit areas. AOL Real Estate, drawing from Trulia housing data, recently highlighted the top “turnaround housing markets” that have seen the biggest jumps in median home prices in the past year. […]

Another Sign That Home Prices Have Hit Bottom

Economists are increasingly confident that home prices have bottomed out. For the last three years, home prices have usually risen in the spring and summer to only then lose all of those increases—plus more—in the fall and winter months. However, economists expect this year to be different and do not foresee such a big drop […]

Maricopa and Pinal County Market Watch Reports, Sold and New Listings Charts

If you’re a numbers nut like me, I’ve provided some insightful reports from the Arizona Regional Multiple Listing Service (ARMLS) which are: MARKET WATCH REPORT for 2nd quarter 2012 Market Watch Report 2nd Qtr 2012 SOLD LISTINGS CHART thru June 2012 (note:  July had 7,432 sold listings that equates to 56,009 year to date thru July 2012) Sold Listing […]