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...]