Category: Monthly Marketing Statistics

Monthly Sales Up 7.1% in Greater Phoenix Higher Incomes in Greater Phoenix Fueling More Contracts and Rising Prices For Buyers:Re-sale prices are not predicted to come down this year.  Between August 2018 and January 2019 it looked like the market was going to balance out[…]

Median Sales Price up 5.9% to $270,000 in Greater Phoenix Sales Rebound, Up 3.7% Over Last Year For Buyers:The median rent paid on single family rentals through the Arizona Regional MLS is currently $1,625 per month, which is comparable to what the mortgage payment would[…]

Mortgage Payments Drop $50 per Month on a Median Priced HomeListings 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[…]

Price Reductions up 71% on Listings $200K-$250K Sellers: Get Competitive, It’s “Buyer Season” 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[…]

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%[…]

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[…]

Seller Concessions Spike on Listings Sold Between $200K-$250K Price Reductions up 27% on Active Listings Between $250K-$400K   For Buyers: October marks the 4th month in a row that supply has continued to rise between $200K – $400K, which is good news for many buyers[…]

Real Estate Marketing Statistics August 2018 Supply between $200K-$250K has Risen 8.1% since May Seller Price Reductions Up 7% in Popular Price Range For Buyers: If your budget lies somewhere between $200,000 and $400,000 for a home, there’s good news for you.  Supply between $200,000[…]