Housing Market Updates

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Housing Market Updates Industrywide Real Estate Changes The National Association of Realtors settled a nationwide class action lawsuit with residential sellers. As a result, industrywide real estate changes are being implemented this month. The deadline for implementation is Aug. 17, 2024 but the new rules actually went into effect Aug. 1 in Arizona. The impact to buyers and sellers is summarized below. […]
Housing Market Updates Metro Phoenix Housing Market Update The metro Phoenix housing market update is interesting this month because we see a further movement away from seasonality. As a whole, the residential housing market is balanced but there are differences across the valley. In fact, the majority of the market is in a soft seller’s market. Seller’s markets – Chandler, Sun Lakes, Fountain […]
Housing Market Updates Phoenix Housing Market Update The Phoenix housing market update is again a mixed bag. Residential housing sales leveled off early this Spring. We typically see contracts increase from January through April, even into May, but that didn’t happen this year. The market leveled off in February and has  remained flat since then. That said, pricing continues to rise. Our […]
Housing Market Updates Phoenix Residential Housing Market Update The Phoenix residential housing market is experiencing a relatively soft Spring season. The market as a whole is just barely a seller’s market, which means there are differences across the valley. Seller’s markets – Tolleson, El Mirage, Chandler, Apache Junction, Gilbert, Glendale, Anthem, Fountain Hills, Mesa, Phoenix, Sun Lakes, Tempe, Laveen, Avondale, Scottsdale, Peoria Balanced […]
Housing Market Updates Phoenix Residential Housing Market Update The Phoenix residential housing market slowed in the second half of last year, but things are looking up for 2024! Metropolitan Phoenix is just barely a seller’s market. That means there are differences across the valley. Seller’s markets – Tolleson, Apache Junction, Fountain Hills, Chandler, Gilbert, Laveen, El Mirage, Anthem, Glendale, Sun Lakes, Phoenix, Scottsdale, […]
Housing Market Updates Nov. Housing Market Update Most of metropolitan Phoenix continues to be a seller’s market, though it has softened. On the outskirts, Buckeye, Goodyear, Queen Creek, Maricopa and Casa Grande are now buyer’s markets while Litchfield Park is balanced. Inventory Still Low, But Increasing Inventory of homes for sale continues to rise across the valley, up 22% in the last […]
Housing Market Updates Oct. Housing Market Update Headlines in the residential real estate market across metropolitan Phoenix are similar to last month. It is currently a seller’s market across the valley except for five areas on the outskirts, which have moved to balanced markets: Buckeye, Goodyear, Maricopa, Queen Creek, and Casa Grande.  Inventory Rose Slightly Inventory of homes for sale rose slightly […]
Housing Market Updates Sept. Housing Market Update Residential real estate across the metropolitan Phoenix market was seasonally low in August, as expected. Luxury activity is particularly low during the summer months. It is currently a seller’s market across the valley except for Queen Creek, Maricopa and Casa Grande, which are balanced. Inventory is Stabilizing, Still Very Low We’ve seen a continuous decline […]
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