Market Updates

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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Phoenix Real Estate Market Update January 2019

Phoenix Real Estate Market Update January 2019

The beginning of 2019 marks our annual, greater Phoenix real estate busy season. For 2019 we start the new year with one of the lowest available resale inventories in a long time, and the last two weeks of December 2018 showed an even more marked drop in buying and listing activity.

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