Single-Family Home Supply Dramatically Down from December 2018 in Many Areas


Single-family supply is down dramatically from this time last year in most locations. Counting active listings without a contract here is what we find:

  • Gilbert - down 50% from 615 to 307

  • Glendale - down 46% from 574 to 310

  • Mesa - down 45% from 985 to 539

  • Chandler - down 40% from 502 to 299

  • Avondale - down 39% from 147 to 90

  • Phoenix - down 38% from 3,034 to 1,876

  • Peoria - down 36% from 637 to 407

  • Queen Creek - down 33% from 725 to 484

  • Tempe - down 32% from 195 to 133

  • Surprise - down 32% from 630 to 429

  • Goodyear - down 27% from 445 to 325

  • Cave Creek - down 26% from to 225 to 167

  • Scottsdale - down 24% from 1,689 to 1,276

  • Fountain Hills - down 20% from 227 to 181

  • Buckeye - down 14% from 456 to 392

  • Paradise Valley - down 14% from 308 to 265

  • Maricopa - down 11% from 310 to 277

The real test will come in January when we see which ramps up faster from the low point of January 1, 2020 - will it be active listings or the under contract counts. Comparing these 2 numbers using the contract ratio will give us a good forecast of how the sporing selling season will turn out. At the moment it looks as though sellers will be firmly in control.

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

TO CONTACT OUR TEAM PLEASE CALL OR EMAIL US:

CRESTMARK REALTY GROUP

RAEGEN JOHNSON

Realtor

C:  602.330.5362

O:  602.362.5484

E: Raegen@RaegenJohnsonGroup.com

SARAH HERR

Realtor

C: 602.499.3175

O: 602.362.5484

E:Sarah@RaegenJohnsonGroup.com

JULI FEINBERG

Broker

O: 480-342-8889

E: Julif@jclam.com

  • Facebook Social Icon
  • Twitter Social Icon
  • Google+ Social Icon
  • Pinterest Social Icon
  • Tumblr - White Circle
  • Instagram Social Icon
  • YouTube Social  Icon

Celebrate Living