For Buyers:


The first few weeks of August saw a surprising 17% spike in listings under contract over $600K. This is highly unusual as typically contract activity declines in the 2nd half of the year, especially on the high end; but this is the year 2020 and it’s been f...

Once again, here is our table of Cromford® Market Index* values for the single-family markets in the 17 largest cities as of August 20, 2020.

The number of red dots has doubled since last week with Tempe joining Maricopa as a cooling market. They remain extremely hot, s...

Below is our table of Cromford® Market Index* values for the single-family markets in the 17 largest cities.

For the first time since June 4, we have a red dot in the table. Maricopa's CMI has faded slightly over the last month, despite being close to a record high.

The...

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...

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...

Over the last week we have moved from a daily fall of 2.5 to a daily fall of 1.6. This trend is favorable and it now looks unlikely that the CMI* will drop into the balanced zone of 90 to 110 any time soon.

This is because active listings are starting to fall while list...

Despite COVID-19, there are people who still need to buy and sell homes for various reasons and we are here to assist them through the process.  Our goal is to make it as easy and stress free as possible. Selling your home and/or buying a new home during the C...


The kickoff of 2020 was developing into a nightmare for normal buyers who just wanted to find a place to live.  Extreme competition for homes between wholesalers, cash buyers, vacation rental investors and traditional buyers depleted supply and created an environment...

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Wow! 17% Spike in Contracts over $600K in August 34% of Homes Closed Over Asking Price

September 15, 2020

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