2016 is almost in the books and while activity in the upper price ranges has been somewhat stagnant for much of the year, activity across most price ranges improved over the past 45 to 60 days. Here is our 2016 Phoenix real estate market recap and 2017 outlook. There are a little over 20,000 active listings across the county and we have hovered around 20,000 to 22,000 units for the past 18 months or more.  This supply is a bit low, but not overly so. In the upper price ranges, there is excessive supply in many neighborhoods.  Below $250k, inventory is still moving well and in Scottsdale,

The last three months have been busy in terms of overall sales activity across the county, but not all price ranges have fared the same.  Here's our 2016 2nd QTR Maricopa County Market Update.  There are currently a little more than 20,000 active listings and approximately 11,500 pending sales.  Low inventory has kept demand strong in the sub-$250K price range while the upper end of the market has been very flat. This graph shows Market Activity over the past three months: Key Stats for the Past Quarter Sales Average Days on Market:  75 Average Dollar Per Square Foot:  $160 Median

It's that time again folks--here's our June 2016 Maricopa County Real Estate Update.  Market activity has risen sharply in the past 30 days with 8948 sales occurring across the county (all product types included).  This graph shows the recent activity over the last three months: The average days on market has dropped slightly from 80 to 75 while the median sales price has increased to $284,611--this is largely due to much heavier demand in the sub-$300K price range--particularly in Phoenix.  With the recent departure of the UK from the European Union, already low rates have dropped even

There's been a lot of talk in the media recently a housing crisis brewing.  Here's our May 2016 Maricopa County real estate update which will hopefully provide a more clear picture of what's going on.  Essentially, the perceived "crisis" boils down to a few things--one, demand in excess of available inventory and two, first-time home buyers sitting on the fence.  Let's look at the inventory issue as it relates to the market across Maricopa County.  Our inventory levels remain below what would be considered a "balanced" inventory at approximately 21, 700 units--this is just slightly lower than

April has been a busy month in terms of real estate activity across Maricopa County--here is our April 2016 Maricopa County real estate update.  Currently, there are approximately 22,300 properties for sale across the county--there are slightly over 14,000 pending sales and since March 25, 2016, there have been 8563 sales.  Overall, available inventory has remained somewhat steady over the past few months. Here is a chart that breaks down some interesting data about the current market: This chart shows Market Activity for the past three months across Maricopa County: Our

April is almost here so it's time for our 2016 1st QTR Market Recap.  As expected, sales have picked up and inventory has risen.  As of March 31, there are 22641 homes actively listed--of those, just 637 (three percent) are distressed (bank owned, short sale, auction or pre-foreclosure).  There are 13327 pending sales and in the past three months there have been 17,953 closed sales. Here is a breakdown of the low, median and high sale for the past quarter: This graph shows Market Activity YTD: This graph shows Average Days on Market YTD: View detailed ARMLS statistics for