Since last month's summary the world has been turned topsy turvy by the COVID-19 pandemic. However the Greater Phoenix housing market has changed a lot less than you might expect. Yes there are several brand new trends, mostly negative, but the market carried on operat...

Throughout the month we provide detailed housing information and statistic provided to us by the Cromford Report who tracks the history and current status of the Greater Phoenix residential resale market and offers unique insight into the future direction of our housin...

Here is our usual table of Cromford® Market Index values for the single-family markets in the 17 largest cities.  In regards to the Comford Market Index, anything over 100 is a sellers' market, 100 is a balanced market and under 100 is a buyers' market.

The supertanker...

In the first few days of last week there was little sign of the pandemic having an effect of the housing market. However, March 19, 20, & 21 (Thursday, Friday and especially, Saturday), has given us much more to chew on. There are a number of effects happening at the s...

Phoenix is currently the strongest large-city housing market in the USA and this is fueled by inter-state population movements.

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%...