

Median Sales Price Up 29%, Fewer Contracts For Buyers
For Buyers: Buyers with budgets over $300,000 may be noticing that they have more listings to choose from compared to a few months ago....


What To Expect as Appraisal Gaps Grow
In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over...


Should Buyers Wait to Buy...Median Sales Price $390K, up 32% from 2020
For Buyers: There’s a lot of conflicting advice for buyers online these days, and there’s no shortage of headlines advising them to wait....


Home Price Appreciation Is as Simple as Supply and Demand
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item...


62.8% of Homes Sold Considered Affordable Last Quarter: Median Sales Price Up 27%, Incomes Up 26%
For Buyers: Despite all the incredible news about rising real estate prices, a family making the median income of $79,000 in Greater...


1 Year After Start of Pandemic - Luxury has Exploded Homes Selling for 101% of List Price on Average
For Buyers: With 54% of all sales closed over asking price so far in April, the average sale price per square foot is now higher than the...


Housing Inventory So Low...Need About 24,000 New Listings To Be At Normal Level
Here are the basics - the ARMLS numbers for April 1, 2021 compared with April 1, 2020 for all areas & types: Active Listings (excluding...


Despite Low Demand for Houses...Market is Still HOT!
All but 3 cities now see their Cromford Market Index falling with Paradise Valley and Cave Creek notable exceptions and Tempe just...


44% of Sales Closed Over Asking Price: New Listing Counts Lowest in Over 20 Years
For Buyers: 44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over...


Will End of COVID 19 Forbearance Moratoriums Bring Flood of Distressed Homes into AZ Market?
Here are the basics - the ARMLS numbers for March 1, 2021 compared with March 1, 2020 for all areas & types: Active Listings (excluding...