

July Breaks Records in 2020: 65% of Homes Affordable in Greater Phoenix
For Buyers: It’s a jungle out there for buyers, but despite recent appreciation rates the HOI* measure for Greater Phoenix increased to...


AZ Housing Market is HOT...Top 5 AZ Cities Selling Over Asking Price
For Buyers: Greater Phoenix has a population of approximately 4.8 million people and 1.4 million single family homes, condos and...


AZ Housing Market Supply Hitting Historical Low
The market is becoming so lop-sided it is approaching absurdity. Demand has recovered and is now close to normal in most areas. The...


Listings Under Contract Hit New Highs
Listings under contract continue to accumulate as buyers write up contracts for the diminishing supply of homes for sale. Note how 2020...


Frenzy Is Back - 23% of Sales Close Over Asking Price Luxury Rebound - Contracts Over $500K Up 159%
For Buyers: Greater Phoenix is officially back to a frenzy market with more properties under contract than available for sale. Over the...


Greater Phoenix Housing Market Strongly Swinging in Favor of Sellers
The housing market in Greater Phoenix is swinging strongly in favor of sellers again as illustrated in the six month Cromford® Market...


Even Covid-19 Couldn't Keep Phoenix Home Price Gains Down
The asking prices for active listings appeared to take a steep dive in March and April, only to recover again in May. Those who do not...


Pandemic Effect: Closed MLS Sales Down 31% Look Who’s Back: Weekly Contracts Up 40% in 4 Weeks
For Buyers: Greater Phoenix contract activity dropped 39% over the course of 6 weeks between March and mid-April. The effects of those...


27% Drop in Closed Listings
The ARMLS database shows a 27% fall in closed listings for April compared with April 2019. This is for all dwelling types across Greater...


7% Decline in Listing Under Contract in April
Among single-family listings there has been a 7% decline in listings under contract between April 1 and May 1. This is the opposite of...