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 ...

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 31^st.  Additionally, we saw a little bump in buyer demand as ...

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 ...

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 ...

Market Shifts

 The Greater Phoenix market has been steadily shifting away from sellers.  Within a few days of this writing we will be in a balanced market overall.  Eleven cities already are balanced or favor buyers – eighteen favor sellers but are eroding.

If you are a ...

𝗧𝗵𝗲 𝗨𝗻𝗽𝗿𝗲𝗰𝗲𝗱𝗲𝗻𝘁𝗲𝗱 𝗦𝘂𝗽𝗽𝗹𝘆 𝗗𝗶𝗹𝗲𝗺𝗺𝗮

It can be difficult to write about a slow moving train such as our Greater Phoenix housing market.  The market is remarkably quiet right now making poor fodder for attention grabbing headlines.  Both buyers and sellers seem content to sit on the ...

The Valley Real Estate Market – It’s a Dry Heat

The market in the last few weeks is in the midst of a slight cooling trend (a phrase that sounds like an oxymoron given the record heat the valley is enduring). This is evidenced by the slowly increasing inventory ...

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁

𝗦𝘂𝗽𝗽𝗹𝘆: Supply has been slowly dwindling all year as sellers have elected to stay put given their current low interest rate mortgages.  We have already dropped below last year in supply. As of today, the current supply of properties for sale is 11,609.  For perspective ...

𝗧𝗵𝗲 𝗩𝗮𝗹𝗹𝗲𝘆'𝘀 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗖𝘂𝗽𝗯𝗼𝗮𝗿𝗱 Getting Bare

 Most are now aware that the low supply of housing inventory is currently the driving force in the valley’s real estate marketplace.  According to the Cromford Index, supply is down a whopping 42% from the ...

𝗜𝘀 𝗢𝘂𝗿 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝗲𝗰𝗼𝗺𝗶𝗻𝗴 "𝗢𝗹𝗱 𝗠𝗼𝘁𝗵𝗲𝗿 𝗛𝘂𝗯𝗯𝗮𝗿𝗱"?

The cupboard full of active listings for sale is starting to dwindle and trending towards bare.  According to the Cromford Index, supply is down a whopping 42% from the peak of October ...