Number of Homes for Sale in Phoenix is NOT Increasing Anymore BUT…
Arizona Real Estate Notebook
by John Wake
3d ago
The number of homes listed for sale in the Phoenix MLS is NOT increasing anymore. That’s a good sign for price stability. BUT, will the seasonal upturn in inventory this autumn start early and be unseasonably large? Seems likely given the trend over the first half of the year. We’ll have to wait and see ..read more
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Phoenix Median Price DOWN 5% from 2 Years Ago
Arizona Real Estate Notebook
by John Wake
1w ago
Phoenix median single-family home sold price in May 2024 = $490,000 Median price is likely to be flat or falling the rest of 2024. 76 Secrets Last year I realized I was getting old and needed to come to some conclusions after studying the U.S. real estate market for over 20 years. The result is “76 ..read more
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Phoenix Months of Supply Highest Since 2014
Arizona Real Estate Notebook
by John Wake
2w ago
Number of homes for sale in Phoenix MLS should be back to 2017 levels by the end of June Will we be back to 2016 levels by the end of the summer? Probably. Since homes-for-sale increased this spring when it usually falls, it’s reasonable to expect more increases this summer when it’s usually flat. Axios ..read more
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Number of Phoenix Homes for Sale = 2018
Arizona Real Estate Notebook
by John Wake
3w ago
But the number of Phoenix single-family homes for sale in the MLS is up 44% from a year ago. Can we say the number of houses listed for sale in the Phoenix MLS is skyrocketing? Up 2.6% in 2 weeks (at a time of year it usually falls). Might have been an inflection point 2 ..read more
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Supply Increasing Abnormally Right Now & Opendoor’s Role in 2022’s Falling Prices
Arizona Real Estate Notebook
by John Wake
1M ago
The number of homes for sale is at the low end of the "normal" range. BUT seeing inventory increase this time of year is very abnormal ..read more
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New Home Sales Super Strong in Phoenix
Arizona Real Estate Notebook
by John Wake
1M ago
Especially Relative to Normal MLS Sales Which are WAY Down Wow! I knew new home sales were strong in Phoenix but didn’t really realize how strong until I saw this. For every 2 normal single-family homes sold in 2023 via the Phoenix MLS, there was 1 brand new single-family home sold, according to this data ..read more
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Same Number of Homes for Sale in Phoenix as in 2000, 2013 and 2018
Arizona Real Estate Notebook
by John Wake
1M ago
Red Line = Single-Family Detached Homes Listed for Sale in the Metro Phoenix MLS Real Home Prices 9% Higher than 2005 Top Free-and-Clear Home Owners • In Maricopa County, 32.1% of home owners have no mortgage. • The national rate is 38.5%. Source: ResiClub Phoenix is #1 for Landlords Buying Brand New Homes Source: ResiClub Click on ..read more
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More Phoenix Homes for Sale Than in 2018!
Arizona Real Estate Notebook
by John Wake
2M ago
The number of homes for sale in metro Phoenix continues to drift higher at a time of year when it usually drifts lower. Homes for sale are now higher than at this time in 2018. “Hobbs said the program should help around 500 families.” ‘Arizona is Home’ program officially underway – 13News Tucson The state ..read more
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$481,000 = Median Phoenix Home Price But…
Arizona Real Estate Notebook
by John Wake
2M ago
$481,000 = Median Price of Single-Family Homes Sold in March in Metro Phoenix. 1 Month = Up $6,000 or 1%. 1 Year = Up $32,000 or 7%. 2 Years = Down $9,000 or 2 ..read more
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Supply of homes for sale in Phoenix MLS almost back to pre-pandemic levels
Arizona Real Estate Notebook
by John Wake
2M ago
The number of homes for sale (all home types) in the Phoenix area MLS could surpass 2018 levels in a week or two. Arizona Gov. Katie Hobbs vetoed bill that would have restricted local government zoning “The bill drew opposition from the League of Arizona Cities and Towns and local officials from across the state ..read more
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