Home Sales Continue Their Rise
The monthly median sales price for greater Phoenix is up 4.6% year over year to $266,000, so buyers and sellers should still expect a relatively competitive market.
Spring Buying Season
This month marks the first full month of our annual, spring buying season.
Market Trends
Prices are still going up but at a much slower rate.
A Market in Flux
Home supply is still below average, and demand for homes is well below this same time last year.
Beginning of Phoenix Buying/Selling High Season
Although rates had been forecasted to rise throughout 2019, current rate forecasts have become less certain.
The New Year and the Phoenix Real Estate Market
For 2019 we start the new year with one of the lowest available resale inventories in a long time
Supply of Listings on the Rise
Just like last month, there has been a definite improvement in available supply.
Monitoring the Slight Cooling in the Market
Phoenix home prices have flattened and appreciation appears to be slowing.
