Mortgage Payments Drop $50 per Month on a Median Priced Home
Listings Under Contract Up 19% in 5 Weeks!

For Buyers:

Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to 4.08%, which is the lowest they have been since ...

Starting with the basic ARMLS numbers for April 1, 2019 and comparing them with April 1, 2018 for all areas & types:

• Active Listings (excluding UCB): 18,650 versus 16,972 last year - up 9.9% - but down 1.6% from 18,959 last month
• Active Listings (including UCB): 23 ...

For Buyers

Good news for buyers over the past few weeks, interest rates came down a few notches. That

combined with the increased loan limit for conventional financing gave buyers a little boost.

The new loan limit for conventional financing in Maricopa County is $484,350 as of a few ...

List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas

Sellers: Stop Trying to Time the Market

For Buyers:

A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019.  That’s 24% higher than this same ...

Greater Phoenix Buyer Contracts Down 15%

It’s Still a Good Time to Sell… For Now

For Buyers: The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who will purchase at the current median sales price of ...

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What this means for you...  When you find your dream home, don't wait to make an offer!

• Listing Inventory is flattening slightly

• Prices still continue to increase due to inventory rates.  

• A "Balanced Market" is 5-7 months supply of inventory. 

• Anything less than 5 ...

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...