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,...

Phoenix Real Estate Market Update – April 2019

After a slow start in 2019, home sales and their corollary “listings under contract” continue their rise into early April, now slightly exceeding the sales and listings under contract for this same period in 2018.  Most of the improvement in sales and buyer interest...

Phoenix Real Estate Market Update – March 2019

This month marks the first full month of our annual, spring buying season.  Every year we build from February into March, with March going full steam ahead.  It is important to note, this “annual buying season” lasts from mid-February through May, with peak activity...
February 2019 Mid-Month Market Update

February 2019 Mid-Month Market Update

As of mid-February, the number of listings under contract has come back nicely, up 55% from the January 1 start. In 2018 we saw a 49% growth in listings under contract for this same period. In absolute terms we are still a little behind 2018 with a year-to-date increase in number of units of 3,497 for 2019 versus 3,671 for 2018.