Rising Interest Rates Dropping Demand Quickly
Housing Market is Just as Tough for Buyers over $1M
Median Sale Price up 2.4% Over Last Month
Affordability has been dominating the headlines as of late, however few have been documenting the plight of buyers in the luxury market over $1M. Typically, the higher ...
What Does a “Normal” Market Even Look Like Anymore?
Sellers: Look for these Measures to Shift in 2022
Does anyone know what a normal, or balanced, housing market looks like anymore? In Greater Phoenix, the supply and demand indices have only come together twice ...
Contract Activity Spiked 20% In This Price Range
Luxury Sellers Over $1M Enjoying a Hot Summer
Buyer demand has rallied sharply over the past 4 weeks, which is unusual for this time of year. The rally is exclusively between $400K-$800K, spiking nearly 20% in contract ...
Supply Up 42% Since May, Price Reductions Up 131%
Affordability Dips Below Normal to 56%
There is a little relief ahead for buyers in Greater Phoenix. Supply continues to rise in price points between $300K-$1.5M and buyer demand has settled into a normal ...
What’s Ahead for Sellers as Demand Weakens
Median Sales Price Up 29%, Fewer Contracts
Buyers with budgets over $300,000 may be noticing that they have more listings to choose from compared to a few months ago. This is especially true in the price points between $400 ...View More
Homeowners are getting richer and richer as prices keep soaring – and the numbers are staggering.
Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter ...View More