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 (CMI)* values for the single-family markets in the 17 largest cities

The number of red dots has doubled again since last week with Avondale and Glendale joining Tempe and Maricopa as locations where the seller's ad...

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...

The market is becoming so lop-sided it is approaching absurdity. Demand has recovered and is now close to normal in most areas. The bizarre situation is all to do with supply.  New listings remain stubbornly low, especially in the price ranges that are most popular wit...

...active supply was counted at just over 12,000 listings for all of Greater Phoenix.  This is down 32% from this time last year and excruciatingly low.

For Buyers:


Supply shortages created an environment of multiple offers and listings sold over asking price last month.  This is especially evident among listings between $125K-$250K where 26% sold over asking price in November compared to the overall percentage of 19%...

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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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