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

With two months in the books, we wanted to provide a quick market update.  Here's our 2016 Jan/Feb Maricopa County Market Recap:  the big news is rising inventory levels.  With 2015 hovering around 20,000 to 21,000 units (single family homes, condominiums, patio homes, town homes and lofts), there are now 23008 active listings on the market.  There are currently 12025 pending sales and from January 1, 2016 to February 28, 2016, there were 10,182 sales--here is breakdown of the low sale, average sale and high sale across the county: This graph shows market activity across Maricopa County

The majority of 2015 has been relatively flat and the third quarter was no exception. Here's our 2015 3rd QTR market recap for Maricopa County. Overall, there were 22029 sales--this includes all housing product types.  This is a snapshot of the overall trends for the 3rd quarter across the county: Note:  the "low" and "high" rows in the above chart represent individual properties. Of the 22,029 properties that sold last quarter, 1607 or 7% were "distressed" sales--this includes bank owned homes, short sales, auction properties and pre-foreclosure properties. Here is a graph that shows