Median Phoenix Home Price Down 9% from 1 Year Ago Despite Price Increases in Recent Months
Phoenix Real Median Home Price. Up 2% from February. Down 14% from the peak in May 2022. Up 7% from the peak in 2006.Read more
Phoenix median single-family house price down $40,000 from a year ago but up $20,000 since February
Will prices peak this year in April or May? Later? Phoenix Becoming Denser… Without Getting Rid of Zoning Mike Orr at The Cromford Report. “Single-family permits are very low while multi-family permits are very high. It seems that the construction industry has collectively determined that the mix of homes in Maricopa and Pinal is going…Read more
Weekly Posts Now on My Other Blog – BUT ALL GRAPHICS ARE STILL HERE
My latest weekly blog posts are now on my Substack blog, Arizona Real Estate Notebook at https://arizonarealestatenotebook.substack.com. Subscribe to get the latest info by email. Subscribe now My latest weekly and long-term monthly graphics are still HERE on this website. Phoenix Weekly Market Graph (only) Long-term Phoenix real estate market graphs ShareRead more
Number of Houses for Sale Up 20% in 2 Weeks in Metro Phoenix
Looks like a break in trend 2 weeks ago in Active Listings of single-family detached homes for sale. From the 2nd to the 4th week of April, Active Listings increased 20%.Read more
First Signs of Big Changes in the Phoenix Real Estate Market
Phoenix Real Estate Market – Update Mike Orr at The Cromford Report made a lot of great observations last week. Compared to year ago, single-family detached for rent in MLS… “average being asked to pay 20% less in rent per square foot.” “There has also been a 20% increase in the number of rental homes available in Phoenix on the Progress Residential web site over the past 4 weeks.” “This appears to be a significant turnaround in the rental market and it does not seem to have been recognized by the media outlets, who are mostly still referring to rising rents. That is so 2021.” “… it is conceivable that…Read more
U.S. Housing Market Demographics Will Peak in a Few Years
Phoenix Real Estate Market Factoids. Phoenix rent prices are DOWN despite everything you hear in the news. Although they skyrocketed last year.Read more
I’ve never had a post go viral before!
This post got over 300,000 views in Forbes.com! That’s never happened to a post of mine before.Read more
Number of Houses for Sale in Phoenix Increasing… Slowly
FYI, My latest article in Forbes.com has taken off! It has over 100,000 views after just 2 days! The Real Reason House Prices Are Skyrocketing: What The Real Estate Industry Won’t Tell You Phoenix Factoids A Few More Houses for Sale Seeing some signs of the number of homes for sale increasing a bit but it’s weird. The number of smaller single-family houses listed for sale in the MLS in Maricopa County is up a bit compared to last year at this time but the number of large houses for sale is way down. What’s with the large houses? Comments? Single-Family Houses – Maricopa CountyNumber for Sale in MLS Now…Read more
Phoenix Housing Market Still Crazy Hot – Is A Correction Coming?
Phoenix Market – Factoids The video at the top of this Wall Street Journal article is in McCormick Ranch, Scottsdale! Just a few blocks from my house! Homes are so expensive in Canada, parents often have to help their kids buy. Are we headed there? Wire fraud is still common in real estate. At a…Read more
Why the Supply of Houses for Sale is So Low in Phoenix – 3 Opinions
Tom at The Information Market – Last Week Mike at The Cromford Report – Feb 18 While demand from investors, particular large scale buy to rent investors, remains strong, demand from owner occupiers is in a clear falling trend. Single-family homes are being removed from circulation for many reasons, such as:1. more of them are…Read more