Reading Time: 4 minutes May Market Update FOR BUYERS: The sharp decline in supply for Greater Phoenix is a good reason for buyers to have a sense of urgency
Reading Time: 3 minutes April Market Update FOR BUYERS: It’s been an eventful 4 weeks, again. Conventional rates dropped from their high of 7.1% on March 2nd to 6.1%
Reading Time: 3 minutes March Market Update FOR BUYERS: Rates defied industry predictions once again and rose over a point from 5.99% to 7.1% between February 2nd and March
Reading Time: 4 minutes February Market Update FOR BUYERS: The Spring season is upon Greater Phoenix. February hosts the Waste Management Open and Super Bowl LVII this year, putting
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 APRIL MARKET UPDATE 57% OF SALES ARE OVER ASKING PRICE MEDIAN SALE PRICE UP 27% TO $457,000 FOR BUYERS Supply is still the top concern
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
Reading Time: 3 minutes January Market Update FOR BUYERS: As the cost of purchasing a home increases in Greater Phoenix, the question of whether to rent or buy becomes
Reading Time: 3 minutes November Market Update FOR BUYERS: Does anyone know what a normal, or balanced, housing market looks like anymore? In Greater Phoenix, the supply and demand
Reading Time: 3 minutes November Market Update FOR BUYERS: Tis the season for 2022 projections in the housing market and, as expected, there are conflicting opinions among national housing
Russ Lyon Sotheby’s International Realty
6900 E. Camelback #110
Scottsdale , AZ 85251
O: (480) 420-3777
M: (480) 330-1554
F: (623) 218-1550
E: Email Us
ADRE #: SA581915000
