The market is hot and becoming very unbalanced in favor of sellers. Demand recovered suddenly during the second quarter and has stabilized at a level significantly above normal. The last 2 months have seen supply drop sharply from its already low level, so we now have a wholly inadequate number ...View More
Mortgage Payments Drop $50 per Month on a Median Priced Home Listings Under Contract Up 19% in 5 Weeks!
Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to 4.08%, which is the lowest they have been since ...View More
List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas Sellers: Stop Trying to Time the Market
A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019. That’s 24% higher than this same ...View More
Greater Phoenix Buyer Contracts Down 15%
It’s Still a Good Time to Sell… For Now
The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who will purchase at the current median sales price of ...View More