Market Conditions Phoenix Area

Here is an excerpt from the Cromford Report on the Phoenix Metro area market conditions: Market Summary for the Beginning of November Starting with the basic ARMLS numbers for November 1, 2017 and comparing them with November 1, 2016 for all areas & types: Active Listings (excluding UCB): 18,646 versus 21,028 last year - down 11.3% - but up 2.7% from 18,161 last month Active Listings (including UCB): 22,403 versus 24,862 last year - down 9.9% - but up 2.8% compared with 21,783 … [Read more...]

Phoenix/Scottdale Market Conditions (June)

Here is the latest analysis  from the Cromford Report on our market area conditions as of mid June. 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 seen large increases in year-to-date sales, with builders focusing heavily on adding inventory … [Read more...]