Phoenix Real Estate Market Update – September 2019

The inventory shortage swings into September, and active listings are down about 16% year over year. As the very low inventory in greater Phoenix continues, prices are up accordingly, rising 6.9% year over year to a median price of $280,000. Low interest rates are...

Phoenix Real Estate Market Update – August 2019

We have talked about our low inventory of homes driving a very active market, withprice-segment-specific hyper-activity. In July, the number of active listings was down8.5% from June and 4.1% year over year. The number of active listings this month is down an...

Phoenix Real Estate Market Update – July 2019

Inventory is the story for the greater Phoenix real estate market in July. Active listings were down 4.1% to 15,442. The median price continues to rise, up 4.1% to $279,000. Lack of inventory continues to squeeze buyers, especially below $200,000. And nowbuyers...

Phoenix Real Estate Market Update – June 2019

Residential real estate in greater Phoenix continues to see price appreciation, driven by modest personal pay increases and falling interest rates.  Current 30-year conventional loans are 3.82% with .5 points. (Fannie Mae, June 2019)   Further, the Federal Reserve is...

Phoenix Real Estate Market Update – May 2019

May continues our listings and sales resurgence for the greater Phoenix area.  This is not a random phenomenon but rather a direct response to our continuing interest rate moderation and decline.  As you may have noted, the Fed recently said that “On a 12-month basis,...
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