Market Update

Reading Time: 2 minutes List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas Sellers: Stop Trying to Time the Market For Buyers: A weak 4th

Reading Time: 2 minutes Greater Phoenix Buyer Contracts Down 15% It’s Still a Good Time to Sell… For Now For Buyers: The monthly average interest rate rose to 4.64%

Reading Time: 2 minutes Seasonally, This is the Calm Before the Storm for Buyer Activity Greater Phoenix Demand Down 16% in Q4 The 4th Quarter is Seasonally the Best

Reading Time: 2 minutes New Listings Up 18% in October between $250K-$400K The 4th Quarter is Seasonally the Best Time to be a Buyer For Buyers: Seasonally the 4th

Reading Time: 2 minutes Seller Concessions Spike on Listings Sold Between $200K-$250K Price Reductions up 27% on Active Listings Between $250K-$400K For Buyers: October marks the 4th month in

Reading Time: 2 minutes Supply Continues to Rise in the Middle Seller Price Reductions up 46% and 61% in these Price Ranges For Buyers: Overall supply is down 9.6%

Reading Time: 2 minutes Supply between $200K-$250K has Risen 8.1% since May Seller Price Reductions Up 7% in Popular Price Range For Buyers: If your budget lies somewhere between

Reading Time: 2 minutes Cost of Waiting to Buy Means Less Closet Space or Higher Payment More New Homes Sell in Low $200’s This Year For Buyers: Hearing cries

Reading Time: 2 minutes Is Greater Phoenix “Overvalued”? Mortgage Payments Are Lower Than They Were 13 Years Ago For Buyers: Interest rates have been increasing along with the inflation rate

Reading Time: 2 minutes Summer is a good time to List Luxury Properties over $500K Supply between $175K-$200K dropped 18% in 3 Weeks For Buyers: Supply under $200K has continued

Reading Time: < 1 minute MLS Sales Outperform non-MLS Sales in Frenzy Market Supply  Supply Under $200K Down 36% Over Last Year For Buyers: Greater Phoenix ended the 1st Quarter 13%

Reading Time: 1 minute Median Sale Price up $20,000 over March 2017 17% of Sales are Closing Over Asking Price For Buyers: The percentage of seller concessions awarded to

Reading Time: 2 minutes MLS Sales Over $1M up 36% Inventory Under $150K Down 62% For Buyers: Buyers continue to have a tough time finding inventory on the low