We've reached the end of November so now it's time for our Nov 2017 real estate market update for Maricopa County. Let's jump right into the numbers: As of November 30, 2017, there are 18,531 active listings across the county--this is a fairly small number for the Phoenix metro area, but not so small that demand is driving prices sky high. 13,000 units are priced under $499,000--approx $3000 are priced from $500K to $1M and a few thousand homes are priced from $1M+--the market above $400K (in most parts of the county) has stalled with the average days on market (DOM) for active listings

With the month coming to an end, it's time for our Oct 2017 real estate market update for Maricopa County. Let's dive right in. Current active inventory levels for all housing types is hovering around 19,000 units--this is up slightly from last month, but still lower than what would be considered "normal" for a market our size.  There are approximately 10,000 pending sales and since Oct 1, 2017, there have been 6372 closed transactions. To see how market trends compare to last month, check out our September market update. This graph shows Market Activity for the past three

Here's our Sept 2017 real estate market update for Maricopa County.  Inventory levels often determine market conditions and the available inventory remains steady (though low) at around 17,700 units.  Sales activity picked up slightly in August from July figures--with a three percent increase in closed transactions (for all housing types). Currently there are 10,400 pending sales which is similar to contract activity 30 days ago.  The average days on market for sold homes has gone up slightly to 67--while the average dollars per square foot obtained at sale remains $146. This graph shows

Here's our July 2017 Real Estate Update for Maricopa County. Over the past 90 days, inventory across the county has dropped sharply from around 20,500 units to approximately 17,500 units (units meaning all housing types). Sales activity has been brisk and we've seen some appreciation in all price segments. Currently there are just over 10,800 pending sales and since July 1, there have been 7191 sold properties. The average days on market for recently sold homes is 65 and the average price per square foot for sold properties is $146. This graph shows Closed Sales across the county from Jan -

The market heated up across the county over the past 60 days and activity is still strong--here's our Phoenix metro April 2017 real estate market update.  While the average days on market for active listings (116) and sold listings (74) are basically unchanged from recent months, the number of sales in April far exceeds the number of closed sales over the first quarter. You may want to review our Phoenix metro 1st quarter update if you missed the post.  Here are some stats taken from the Arizona Regional Multiple Listing Service: 19,529 Actively listed properties 7469 Pending sales 9796

Phoenix Metro Real Estate Update With March 2017 in the books, it's time for our Phoenix metro 1st quarter real estate update. Let's start with a few stats taken from the Arizona Regional Multiple Listing Service: Active listings:  19736 Pending Sales:  13687 Sold Homes Since Jan 1, 2017:  20,284 Overall, activity has picked up across the Phoenix metro area.  We are seeing more buyer activity, spurred in part by a drop in interest rates.  The average days on market for active listings in all price ranges is 118 and the average days on market for all pending sales is just 73. As a

While markets often take a dip when the Presidency changes hands, so far things have been pretty calm in terms of real estate.  Here's our January 2017 Maricopa County Real Estate Update. Let's start with a few key stats taken from the Arizona Regional Multiple Listing Service: #OF ACTIVE LISTINGS:  20,090 #OF PENDING SALES:  10,237 #OF CLOSED SALES IN PAST 30 DAYS:  5,456 #OF DISTRESSED PROPERTIES:  457 As a percentage of total active listings, "distressed" inventory account for just two percent of available inventory--this represents a one percent drop from 60 days ago. Active inventory

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,