“This is now an exceptionally strong market with no sign at all of the weakness we were seeing between September and February.”  Michael Orr of the Cromford Report

If you are someone who prefers headlines over articles, the above quote summarizes the valley’s current market.  For those …

The strongest time of year for the valley’s real estate market is typically our “spring buying season” - March through May. This year is no exception – but it could have been. We ended 2018 with a rather lackluster market due to anemic demand. Entering 2019 it looked like the …

After a slow and non-spectacular beginning to the year, the market appears to be finally waking up. March heralds the beginning of the spring buying season – so prognosticators watch closely for signs of market health. In the valley the supply side of the economic seesaw (supply & demand) has …

2019 began with an unremarkable start. Not surprising given that the last two weeks in December saw a large drop in listings under contract (a drop of 18.5% compared with the first two weeks of December – and down 10% for the month compared to December 2017). To quote Michael …

Happy New Year! We hope that you had a wonderful holiday season.

2018 closed with a bit of a whimper in the valley as buyer demand, after years of unflinching strength, finally wavered. Demand began to drop in July – rather precipitously by October - before settling in to …

The seesaw of supply and demand is our best barometer of the health of the housing market – so naturally we closely watch it. We have been in a seller’s market for such an extensive period that like most veteran agents, we are expecting a correction. A rebalance of the …

Recently national housing statistics have made headlines regarding the diminishing demand of homebuyers. This is understandably unsettling to homeowners in the valley who recall all too well the housing crises where supply and demand went topsy turvey. As interesting as it may be to listen to national housing statistics, they …

Given the strong recovery the Phoenix housing market has posted, it is understandable that comparisons are still being drawn to 2006 (the peak of our housing market). We have commented in the past that we are not in a “bubble”. But a recent commentary by the Cromford Report on pricing …

Probably the hardest thing about routinely writing on the subject of the local real estate market is that it really doesn’t change overnight – thankfully - despite erroneous comparisons to the stock market.  Short term trends in real estate are relatively predictable – largely because supply is not highly …

While some areas of the nation are at long last reporting a slowing of sales, the valley’s market is continuing to power forward both in rising sales and appreciation. Real estate has always been area specific, so while national trends are interesting, they are not particularly meaningful when interpreting a …