Category Archives: How’s The Market?

FSBO Sales Up But Sell for Less, New Home Sales Up 26%

For Buyers: More buyers have turned to new homes so far this year.  Overall year-to-date new home sales are up 26% compared to last year as builders continue to add much needed supply to the marketplace.  All price ranges over … Continue reading

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Phoenix is Hot, but a Bubble it’s Not

For Buyers: Multiple offer situations and homes selling for more than list price have been making home buyers nervous over the past month.  Returning boomerang buyers, having already suffered a short sale or foreclosure during the recession, are especially sensitive … Continue reading

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Market Update – April 2017 – Seller Concessions Have Risen Despite Buyer Frenzy

For Buyers: Buyers continue to find themselves in a frenzy of competition for homes as March recorded the highest number of non-distressed sales through the MLS since September 2005.  While supply has dropped a significant 12.7% overall compared to this … Continue reading

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Market Update – March 2017 – Supply Shortage Giving Buyers Headaches

Buyers: It’s extremely rough to be a buyer right now, especially for those looking for lower priced homes.  While active listings are down 15% overall in the Valley, listings under $200K are down a whopping 30% from this time last … Continue reading

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Market Update – February 2017

More Qualified Buyers Expected in 2017 Supply is Down 9.3%, Buyer Demand is Up 4.5%! For Buyers: Buyers be prepared for another year of increased competition for existing active listings in the Phoenix Metropolitan Area, partly because of over 50,000 … Continue reading

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