Market Updates

Phoenix Real Estate Market Update – October 2019

For October, the Greater Phoenix residential real estate median sales price continues to rise. However, a closer examination shows that this rise is largely attributable to the continuing shift in available inventory from lower priced to luxury homes. While available...

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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...

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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...

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