

Active Listings Down 40%, yet Sales Up 20% from October 2019
Here are the basics - the ARMLS numbers for November 1, 2020 compared with November 1, 2019 for all areas & types: Active Listings...


Homes Under Contract Up 36% from this Time Last Year!
For Buyers: A common complaint in the resale market is “there’s nothing for sale”. However from July through September, the Realtor®...


Wow! 17% Spike in Contracts over $600K in August 34% of Homes Closed Over Asking Price
For Buyers: The first few weeks of August saw a surprising 17% spike in listings under contract over $600K. This is highly unusual as...


Phoenix Real Estate Market is Still HOT!
Once again, here is our table of Cromford® Market Index (CMI)* values for the single-family markets in the 17 largest cities The number...

35.2% of Homes Sold In Phoenix this Month, Sold for Over List Price
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,...


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 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...


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...