Market Conditions

June 20, 2024

Market Update June 2024

The quiet market

 The marketplace keeps answering the question of whether an election year boosts the real estate market.  And that answer still remains no.  Here is your proof. This market  continues to echo the (non-election) 2023 market – low volume and even quieter than the ...

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Posted in Market Conditions
May 20, 2024

Market Snapshot May 2024

A Low Volume Market does not equal a Low Priced One

 As we have stated so many times, a low volume market is not a headline grabber.  You wouldn’t know that listening to the “authorities” who trade on clickbait headlines.  For years they have been promising crashing ...

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Posted in Market Conditions
May 1, 2024

The Slow Motion Market

The Greater Phoenix real estate market is not much of a headline grabber.  In fact, the marketplace reminds me of a Saturday Night Live skit I watched recently “Pilates – so hard and so boring”. Yup, we see some similarities.  The market has slowly eroded into a sort of balance ...

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Posted in Market Conditions
April 24, 2024

Market Update April 2024

The Goldilocks Effect: Phoenix's Spring Housing Market Hits the Balance

 We are now in the heart of the spring selling season and yet it doesn’t feel like prime time.  The market has been quieter than we had anticipated at the beginning of the year.  The greater ...

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Posted in Market Conditions
March 19, 2024

Market Update March 2024

𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗯𝘆 𝘁𝗵𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀

 Now that the peak home buying season is upon us – we have a little more data on how the market is performing.  No pearl clutching headlines here, but still, we find it interesting (accusations of being a geek might be valid) and hope you ...

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Posted in Market Conditions
Feb. 27, 2024

2024 Two Months Does not a Market Make

We are only 60+ days into 2024 and we are studying every market indicator looking for clues as to what this year is likely to bring.  The problem is that trends require sufficient time and strong signals.  We have neither to date.  

The fact that this is an election ...

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Posted in Market Conditions
Feb. 21, 2024

Market Update February 2024

2024… So Far

We are only 45+ days into 2024 and we are anxiously trying to read the tea leaves for what this year will bring.  The fact that this is an election year leads most people to assume that the election will be an outsized influence on housing ...

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Posted in Market Conditions
Jan. 15, 2024

Market Update January 2024

The Housing Market Shifts Slightly Towards Sellers

 2024 began with a slight advantage for home sellers.  Why?  December typically ends with less active listings every year as a number of listings expire on the 31st.  Additionally, we saw a little bump in buyer demand as ...

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Posted in Market Conditions
Dec. 28, 2023

Crystal Ball for 2024

With very few exceptions, the housing market begins every year with a question:  what will this year’s housing market bring?  The truth is that projecting beyond a few months enters one into the field of guessing, as there is no real estate Nostradamus.  But there are data ...

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Posted in Market Conditions
Dec. 18, 2023

Market Update December 2023

Market Balance

 

“The bad news is nothing lasts forever. The good news is nothing lasts forever” J. Cole

 

The 2023 Housing Market is closing out in “balance”.  Of course that is a bit misleading – as there are parts of the valley favoring buyers (think outlying areas ...

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Posted in Market Conditions