Current Market Data

Is the real estate market starting to shift?

Surging mortgage prices deterring more buyers

How much space does $1,500 get you in Phoenix?

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. But, according to a new study from RentCafe, the costs in Phoenix are somewhat average.

Phoenix-area home prices climb more than 30% in 12 months, but growth expected to flatten out

CoreLogic predicts price increases to slow significantly by next spring in most metro areas, especially in Phoenix

Phoenix metro gained 78,000 people during pandemic’s first year, second-most in the country

The population trends surely fueled the Phoenix area’s housing boom, increasing demand and cutting into available housing inventory.

Four Phoenix-area firms land on RealTrends top brokerages list

HomeSmart in Scottsdale led the way at No. 8 on the list with $25.1 billion in sales volume and more than 56,000 transactions in 2021.

Housing prices top last summer’s highs, hit new record

With fewer people putting their homes on the market, prices continue to skyrocket.

Mortgage applications continue falling in latest weekly survey 

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Pending-home sales down for fourth month in a row 

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

Two more years until inventory bounces back, experts say

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

Phoenix No. 2 in the nation for median home sale price increase

The median home sale price jumped more than 28% in Phoenix over the last 12 months, according to the RE/MAX National Housing Report.

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

Real estate investors inject more money into Phoenix

Nearly $3.8 billion in Phoenix home purchases were made by investors during the 4th quarter of 2021, second-highest among metros measured.

NAR Generational Trends Report shows millennials make up 43% of homebuyers

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.

Did your home earn more than you did last year?

Home value appreciation was greater than median earnings in 25 of the largest U.S. metro areas in 2021, and Phoenix was no exception.

Existing-home sales swing back to negative territory in February 

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

New-home construction picks up in February  

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

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