March Update Transaction Count Down Dollar Volume Up

Dated: 03/15/2019

Views: 2

Chart Of the Month
Annual Sales

A collapse in sales volume below $200K is balanced by increases in sales above this point. Especially impressive is the unit sales growth between $500K and $3M. The overall effect is a 2% drop in unit sales.

Although the annual sales rate has declined 2%, the annual dollar volume has increased 7% from $28B to $30B. With an extra $2 billion spent on residential real estate compared with the prior 12 months, the market does not look too bad.

Blog author image

Chad Arend

Chad grew up in the Phoenix area, and can't imagine living anywhere else. After working in finance for 6 years, he decided to make the move to real estate in late 2004. Real Estate runs in his family,....

Latest Blog Posts

Inside Or Outside Of The Phoenix Area

 The ranking table of annual average price per square foot has been published for March and it is striking how much the outlying areas have out-performed the inner parts of the valley

Read More

The Cromford Market Index Values For The 17 Largies Cities In AZ

March 14 - The Cromford® Market Index values for the single-family markets in the 17 largest cities are shown below:This shows that the recent strength in the market is intensifying with 12

Read More

These Are The Best And Worst Cities For Firsttime Home Buyers

for first-time home buyers. California is the state where new home purchasers are most likely to feel buyer's remorse, with six out of 10 of the bottom cities hailing from that state. Overlooked

Read More

5 Tips To Update Your Shower On A Budget

Want to update your shower? It’s not as costly as you may think.Has your shower seen better days? Wondering what you can do with a small budget?Look no further. We understand how hard it can

Read More