December 28, 2019

Looking for a way to ring in are some things going on around the Valley!

Single-family supply is down dramatically from this time last year in most locations. Counting active listings without a contract here is what we find:

  • Gilbert - down 50% from 615 to 307

  • Glendale - down 46% from 574 to 310

  • Mesa - down 45% from 985 to 539

  • ...

For Buyers:

Supply shortages created an environment of multiple offers and listings sold over asking price last month.  This is especially evident among listings between $125K-$250K where 26% sold over asking price in November compared to the overall percentage of 19%...

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