AZ Mid Month Pricing Update and Forecast
Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next month. For the monthly period ending October 15, we are currently recording a sales $/SF of $162.00 averaged for all areas and types across the ARMLS database. This is up 0.2% or 37 cents from the $161.63 we now measure for September 15. Our forecast range mid
Money Monday...Concerned About Rising Interest Rates?
Rates are still historically low. The chart below from Freddie Mac shows the average 30 year interest rate was 6.04% as recently as November
Seller Concessions Spike on Listings Sold Between $200K-$250K...Price Reductions up 27% on Active Li
Seller Concessions Spike on Listings Sold Between $200K-$250K
Price Reductions up 27% on Active Listings Between $250K-$400K
Discover AZ with the Raegen Johnson Group...Mortimer Farms Pumpkin Patch and Hay Maze
Mortimer Farms' annual Pumpkin Fest & Corn Maze Sept. 28th-Oct. 28th 2018.
Market Summary for the Beginning of October
Starting with the basic ARMLS numbers for October 1, 2018 and comparing them with October 1, 2017 for all areas & types: Active Listings (excluding UCB): 16,819 versus 18,161 last year - down 7.4% - but up 3.7% from 16,222 last month Active Listings (including UCB): 20,303 versus 21,783 last year - down 6.8% - but up 2.4% compared with 19,831 last month Pending Listings: 5,195 versus 5,766 last year - down 9.9% - and down 1.3% from 5,262 last month Under Contract Listings (in
