...active supply was counted at just over 12,000 listings for all of Greater Phoenix.  This is down 32% from this time last year and excruciatingly low.

Buyers waiting for prices to come down have been sorely disappointed so far in 2019.

I cannot stress enough how unusual the active listing counts look this year, collapsing after hitting a peak at the beginning of March. In February it looked like we would have far more supply than last year but the situation has changed dramatically since then.

All 17...

For Buyers:
Re-sale prices are not predicted to come down this year.  Between August 2018 and January 2019 it looked like the market was going to balance out and cause prices to stabilize around the 2nd half of 2019.  However two things happened to change that predicti...

Starting with the basic ARMLS numbers for May 1, 2019 and comparing them with May 1, 2018 for all areas & types:

  • Active Listings (excluding UCB): 17,513 versus 16,329 last year - up 7.3% - but down 6.1% from 18,650 last month

  • Active Listings (including UCB): 23...

For Buyers:


Good news for buyers over the past few weeks, interest rates came down a few notches.  That combined with the increased loan limit for conventional financing gave buyers a little boost.  The new loan limit for conventional financing in Maricopa County is $4...

Starting with the basic ARMLS numbers for February 1, 2019 and comparing them with February 1, 2018 for all areas & types:

  • Active Listings (excluding UCB): 19,040 versus 17,211 last year - up 10.6% - and up 9.8% from 17,339 last month

  • Active Listings (including...