Market Conditions

Nov. 15, 2021

The Upcoming Valley Real Estate Market

It's tough to make predictions, especially about the future.” Yogi Berra

 It’s the time of year where 2022 housing market predictions begin to appear. Zillow weighed in with their prediction for a national pricing rise of 14-16%.  But then again, these are the same people ...

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Posted in Market Conditions
Oct. 18, 2021

Signs of a Cooling Market

Signs of a cooling market

 

The Phoenix housing market is cooling, but it is far from cold.  Here are some interesting numbers from the Cromford Report.  From April 1st to October 1st, the number of homes for sale in MLS rose 92% going from 3,591 to ...

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Posted in Market Conditions
Oct. 11, 2021

Market tidbits

For those hoping for a rebalance of the market (we confess to being in that camp) the steady progress which had been building since April has stalled. The answer to rebalancing is more supply and July delivered in spades with a rise of almost 25% more active homes for sale ...

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Aug. 27, 2021

The Market Shift Continues

As we have been reporting for a while now, supply is increasing as the market continues to shift towards rebalancing.  The number of homes for sale is up 42 % since May, and up 24.7 % in just the last month – which would be alarming if we didn’t start ...

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Posted in Market Conditions
July 16, 2021

The Market Begins to Cool

The market has been in such an overheated condition this year that any headline of a “market slowdown” is almost inherently misleading.  Yes, the market is slowing.  But it is a good sign, not a bad one. The market shift actually began in March, and now is confirmed ...

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May 6, 2021

Market Musings

In a persistently strong seller’s market – real estate newsletters can feel the opposite of news.  Like the weather in Phoenix – our real estate market can be antithetical to headlines.  Factually there are consistent changes, but large real estate shifts require time.  So let’s review the ...

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Posted in Market Conditions
March 16, 2021

Hottest Seller Market. Ever.

Hottest Seller Market. Ever.
Having been in real estate sales since 1979, we have learned that real estate is cyclical. Nothing lasts forever – although at times it sure can feel that way! That brings us to the seller’s market we’ve been in since 2015. While most expected the pandemic ...
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Posted in Market Conditions
Jan. 13, 2021

Goodbye 2020

Welcome to 2021 and the ever changing real estate market.  To know where we are, we need to examine where we have been.  2020 was a challenging year for all.  But surprising to most was not only how resilient the real estate market was despite the pandemic ...

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Nov. 25, 2020

Demand Strong, Homes for Sale Scarce

The real estate market of 2020 will likely go down as one of the strangest years in history.  That is saying something given the meteoric rise of 2005 and the catastrophic fall of 2008.  The pandemic hitting in March quelled the market for a few months – then ...

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Posted in Market Conditions
Nov. 24, 2020

2020 – Thanks for the memories?

It is hard to believe that we are in the waning weeks of 2020 – a year not likely soon forgotten.  While real estate was certainly not the top headline (pandemic, fires, protests, politics – need we go on?) it was in its own way a valley headline grabber ...

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Posted in Market Conditions