Supply between $200K-$250K has Risen 8.1% since May Seller Price Reductions Up 7% in Popular Price R

For Buyers: If your budget lies somewhere between $200,000 and $400,000 for a home, there’s good news for you. Supply between $200,000 and $250,000 has been rising gradually over the past 12 weeks. After dropping 15% from 2,300 listings in January to 1,944 in May, it has since risen 8.1% to 2,101 listings in August, placing it only 6.7% below last year’s count instead of 18% below like it was 3-4 months ago. Listings between $250,000 and $400,000 have also risen sharply 5.3% from 4,791 to 5,044 over the past 4 weeks, placing them only 0.2% below last year’s count of 5,053 listings. The increase in competition has resulted in a notable 7.3% increase in weekly seller price reductions from an

AZ Market Summary for the Beginning of August

Starting with the basic ARMLS numbers for August 1, 2018 and comparing them with August 1, 2017 for all areas & types: Active Listings (excluding UCB): 15,686 versus 17,412 last year - down 9.9% - and down 2.6% from 16,101 last month Active Listings (including UCB): 19,415 versus 21,484 last year - down 9.6% - and down 5.1% compared with 20,464 last month Pending Listings: 5,655 versus 6,085 last year - down 7.1% - and down 7.2% from 6,092 last month Under Contract Listings (including Pending, CCBS & UCB): 9,384 versus 10,157 last year - down 7.6% - and down 10.2% from 10,455 last month Monthly Sales: 8,533 versus 8,024 last year - up 6.3% - but down 7.5% from 9,229 last month Monthly Averag

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Tumblr Social Icon
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

TO CONTACT OUR TEAM PLEASE CALL OR EMAIL US:

CRESTMARK REALTY GROUP

RAEGEN JOHNSON

Realtor

C:  602.330.5362

O:  602.362.5484

E: Raegen@RaegenJohnsonGroup.com

SARAH HERR

Realtor

C: 602.499.3175

O: 602.362.5484

E:Sarah@RaegenJohnsonGroup.com

JULI FEINBERG

Broker

O: 480-342-8889

E: Julif@jclam.com

  • Facebook Social Icon
  • Twitter Social Icon
  • Google+ Social Icon
  • Pinterest Social Icon
  • Tumblr - White Circle
  • Instagram Social Icon
  • YouTube Social  Icon

Celebrate Living