
January 2023 – Market Update – Phoenix Buyer Market – Aaaand It’s Gone
Reading Time: 3 minutes January Market Update FOR BUYERS: Last year, traditional buyers took a back seat to an influx of cash investors and speculators who outbid them. Then
Reading Time: 3 minutes January Market Update FOR BUYERS: Last year, traditional buyers took a back seat to an influx of cash investors and speculators who outbid them. Then
Reading Time: 4 minutes December Market Update FOR BUYERS: Buyer demand has been more reactive to mortgage rates than normal, but that’s to be expected at the rate of
Reading Time: 4 minutes November Market Update FOR BUYERS: Greater Phoenix as a whole has been in a balanced market since August, but is expected to glide into a
Reading Time: 3 minutes October Market Update FOR BUYERS: The price reductions keep coming. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market responded with 4,427
Reading Time: 3 minutes September Market Update FOR BUYERS: The percentage of closings with seller-paid closing costs continues to grow as August and September to date range between 12-13%
Reading Time: 3 minutes August Market Update FOR BUYERS: For Buyers:Good news for buyers, the number of closings with seller-paid closing costs rose 27% in July compared to June
Reading Time: 3 minutes July Market Update FOR BUYERS: For Buyers: Welcome to a balanced market*, how quickly the tables have turned! While seller markets are ideal for the
Reading Time: 3 minutes June Market Update FOR BUYERS: Market conditions continue to get better for buyers undeterred by rising mortgage rates. Over the last 10 weeks, there has
Reading Time: 4 minutes May Market Update FOR BUYERS: It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40%
Reading Time: 4 minutes April Market Update FOR BUYERS: Supply is still the top concern for buyers these days and we continue to look to new construction to add
Reading Time: 3 minutes March Market Update FOR BUYERS: Don’t be fooled by the small increase in supply and decrease in demand compared to last year. The Greater Phoenix
Reading Time: 3 minutes February Market Update FOR BUYERS: For Buyers: Affordability has been dominating the headlines as of late, however few have been documenting the plight of buyers
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Russ Lyon Sotheby’s International Realty
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