Market Updates

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.

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Phoenix Real Estate Market Update February 2019

Phoenix Real Estate Market Update February 2019

February finds our real estate market still leaning in the seller’s favor but with definite and continued movement toward a buyer/seller balance. Home supply is still below average, and demand for homes is 13% below this same time last year.

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January 2019 Mid-Month Market Update

January 2019 Mid-Month Market Update

As previously discussed, January is the traditional beginning of our Phoenix buying and selling “high season.” Historically, the first 3-4 months of the new year have seen a jump in listings under contract of approximately 70%-90%, due in part to a corresponding increase in the number of listings available.

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