Market Statistics

Paul Hagey with Inman News conducted a short video chat with Bill McBride- founder of Calculated Risk Blog and discussed our housing inventory trend. If you are thinking about selling your home, it may be worth your time to watch this short video! I will admit, it is dry, but informative forecasting about the future […]

  It’s already past that time again. The beginning of June analysis is in to close out May’s statistics brought to you from the Cromford Report. Below are the ARMLS numbers for June 1, 2013. The big ones to look at are monthly sales and sales price per square foot. Active Listings (excluding UCB): 15,466 […]

    This article’s headline caught my eye… “For Sale By Owner Founder Sells His Home…Using a Real Estate Broker.” Colby Sambrotto has long been an advocate of selling your home on your own so your net return is higher than if you used a real estate agent. Recently, more sellers have found themselves in […]

The Arizona Regional Multiple Listing Service has released it’s numbers for May. Home Sales in the Phoenix area increased 7.8% ending with a total of 9,436 closed sales continuing the monthly increase since January. The interesting part for sellers; the inventory is still dropping. There are still a lot of buyers out there and not […]

Pricing Update and Forecast Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days. For the monthly period ending May 15, we are currently […]

Market Summary for the Beginning of May April was a stellar month for re-sale transactions, especially in the light of the weak supply. It was not very impressive for new home transactions completed. Here are the basic ARMLS numbers for May 1, 2013 relative to May 1, 2012 for all areas & types: Active Listings […]

According to Ginnie Mae (Government Mortgage Association), if you begin with a rent payment that is less than a mortgage payment, you will notice after three years that by locking in a mortgage rate and enjoying the tax benefits from ownership, your mortgage payment will become less than what you were paying in rent, especially […]

Mid Month Pricing Update and Forecast Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days. For the monthly period ending April 15, we […]

The numbers are in and here are the findings regarding real estate in Maricopa County.   Sellers: It is still a great time to list your home. Our supply is still low so many buyers would be competing for your home allowing you to sale your home for a good price and in a shorter […]