• Next week I’ll update the monthly charts that are below the weekly charts.
• Mystery This Week. Closed sales fell for some unknown reason last week so the number of houses under contract increased. I assume it’s a fluke but don’t know for sure. The number of houses going from for-sale to under-contract didn’t really change.
For U.S. real estate market analysis,
go to Real Estate Decoded.
Since early July, more new listings have been hitting the market vs. 2019.
No change. Still almost HALF of 2019.
The number of single-family houses under contract to buyers increased unexpectedly last week. The number of closings fell a bit for unknown reasons which created a bit of a backlog in the number of houses under contract waiting to close.
The number of solds unexpectedly fell last week. I don’t know why. I assume it’s a temporary fluke. Should know more next week.
Leave a comment if you know what’s going on with the slowdown in closings.
Tell me in the “Comments” what you think.
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.
Note. This post was written on Augest 16, 2020 but the graphs will be continually updated.