The spring buying season has begun. January brings the highest levels of luxury and retirement listings to market, while March brings the highest level of mainstream sellers.  Encouraging news is that while demand is 16% below normal, it has improved since last September where demand was 24% below normal. …

Market Trends

With the year so newly begun, emerging trends are just trickling in.  At the moment, we have to look back to look forward.  Let’s begin with some interesting trends 2025 established according to the Cromford Report:

 Condo/apt style vs single family

“First …

2026 Begins

With the year so newly begun, we have scant evidence to confirm this year’s emerging trends. But it can be useful to compare today with a year ago. New listings are coming in more slowly; the Cromford Report shows them arriving at a rate 2.5% lower than …

Incremental Improvements

2025 was neither a record-breaking year nor one so dismal that it was headline grabbing. Instead, it was an incremental market with signs of small steady improvement. As this year winds to an end, demand has slowly been creeping up, and with it optimism for the coming …

Demand Responds

The 4^th quarter in real estate rarely is one to talk about.  Demand is highest in the spring thru mid-summer and then progressively declines in the 3^rd and 4^th quarter.  This year is no exception but comparatively, according to the …

As we close out the year in real estate – the numbers are much like where we began, albeit with minor variances. For those who prefer that we not bury the lead – the Greater Phoenix market ends the year predominately a buyer’s market.  But as usual, …

An Open Letter to Buyers

The reasons to buy a home are easy: rental fatigue, the desire to build equity, tax benefits, stability, customization, and so on. Harder is when to buy. So many buyers attempt to “time the market” looking for that perfect storm of low …

The Market is Shifting (again)

The greater Phoenix housing market entered a buyer’s market in November of 2024. As we have mentioned before, buyer markets tend to be infrequent and short lived. This one has proven to be the exception in its longevity. But in mid-July the market started …

Overall, the greater Phoenix real estate market is a buyer’s market.  What does that mean?  It is a market that favors buyers in negotiation because supply exceeds demand.  Of course, nothing is that simple. The luxury market is proving the exception -that marketplace favors sellers.  It …

Market Update

Tina Tamboer of the Cromford Report just released this excellent analysis of the Greater Phoenix market and we reprint it here as originally written:

For Buyers

“Since April, active supply levels have now declined 13.6% due to a large increase in cancelled and …