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...

Dear Friends,

Raegen and I are thinking about you and would like to send you all the love and support you need during this challenging time. The global COVID-19 pandemic is disrupting our lives, creating a lot of uncertainty, negatively impacting people's livelihood and... 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.

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

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%...

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

For Buyers:

The news media is filled with short-term predictions regarding the economy and how it will, or will not, affect real estate prices.  It’s understandable for buyers to want their home to appreciate in value after they purchase, who doesn’t?  However there is...