It’s happening folks, right before our eyes. The market is changing, umm, cooling. But before we go there, we’ll report on April’s sales numbers: Active Listings: 6,688 versus 5,080 last year – up 31.7% – and up 32.4% from 5,051 last month…
In good news for buyers and renters, the supply of available homes for sale and rent are increasing – in particular, rentals! Rental listings have increased the past 4 weeks, 45% compared to the same period last year. 10,072 new rental listings…
Before about 2019, and especially COVID in 2020, we had several years where we really struggled with what to write each week. The market was just plain boring! We had a relatively balanced market with slight advantage to sellers that resulted in…
We knew it was bound to happen; the question was when. It’s looking like the when is now! The rental market is showing signs of slow-down. If we compare our rental market with 2021 at this time, we see the following supply…
March numbers are showing continued huge strength in appreciation, but also possible trends that could slow the market. First, the stats: Active Listings: 5,051 vs 4,088 last year – up 23.6% – and up 10.1% from 4,588 last month Under Contract Listings:…
Maricopa County Fastest Growing U.S. County I went to the Suns game yesterday (vs Philly) with my buddy Walter. He has owned Suns season tickets since the Steve Nash era, the last time the local team was a championship caliber team, besides…
I haven’t seen any other articles about this yet, but the counter-intuitive conclusive message, at least now, seems to be getting clear: Global and national bad news, at least in Phoenix, Arizona, means home values continue spiking upward. Some history: Pricewise, in…
Last week, a client and friend emailed me a great and timely question, and yesterday the answer came. First, his question: “Hello Mike, Obviously buying anything now is anything but easy, but are there any areas…of town whose prices haven’t gone as…
Plus: Good News for Renters? Our market is providing mixed messages. Here are the basic numbers as reported by the Cromford Report last week comparing March 1, 2022 and March 1, 2021 for all areas & types: Active Listings: 4,588 vs 4,491…
The shortest calendar month of the year closes today and we’re expecting temps in the low 80’s! Good Day Arizona! Chamber of Commerce weather is upon us – at least for a few days. Well let’s start with a warning. You may…