For Buyers:


It’s a jungle out there for buyers, but despite recent appreciation rates the HOI* measure for Greater Phoenix increased to 64.8 for the 2nd Quarter 2020; the previous measure was 63.0. This means that a household making the current median family income of...

For Buyers:


Greater Phoenix has a population of approximately 4.8 million people and 1.4 million single family homes, condos and townhomes in total inventory.  As of July 8th, only 8,579 of these units were available for sale through the Arizona Regional MLS.  If that...

The market is becoming so lop-sided it is approaching absurdity. Demand has recovered and is now close to normal in most areas. The bizarre situation is all to do with supply.  New listings remain stubbornly low, especially in the price ranges that are most popular wit...

Listings under contract continue to accumulate as buyers write up contracts for the diminishing supply of homes for sale.

Note how 2020 followed a very similar track to 2018 until mid-March. Contract activity fell sharply but stabilized during April and then recovered a...

For Buyers:


Greater Phoenix is officially back to a frenzy market with more properties under contract than available for sale.  Over the past 4 weeks the number of contracts accepted weekly has jumped another 20% since last month’s report, bringing the total recovery s...

The housing market in Greater Phoenix is swinging strongly in favor of sellers again as illustrated in the six month Cromford® Market Index chart below (Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived f...