The Inventory of homes for sale is finally rising from 30 days or less supply to over 3 months. The frenzied pace of 2020 and 2021 is finally calming down. There were more homes for sale last week than the same week in 2019. Keep in mind the 2019 was a strong seller's market. "According to NAR statistics, the median real-estate experience of all Realtors is eight years. The last time we … [Read more...]
Housing Market Nationally And Metro Phoenix Real Estate
Since the beginning of the Covid-19 pandemic in 2020 and 2021 Real Estate saw double digit appreciation in home values. Mortgage Interest Rates on a 30 year fixed rate reached the lowest level in December 2020 at 2.68% with the annual average rate of 3.11% according to Freddie Mac and 2021 averaged of 2.96%. Rates bounced above and below 3% during this time. Federal Reserve Chairman Powel … [Read more...]
2021 Remarkable Year For Real Estate In The Greater Phoenix Metro Market
2021 Remarkable Year For Real Estate in the Greater Phoenix Metro Market! 2021 Saw the Highest Sales Volume in our history according to ARMLS Statistics. (Arizona Regional Multiple Listing Service) Despite being in the second year of the pandemic our real estate market continued to set records! ARMLS STAT: 2021 in Review. 2021 Remarkable Year For Real Estate "We began 2021 in the throes of a … [Read more...]
Phoenix Real Estate Continues To Set Records In 1st Quarter of 2021
Phoenix Real Estate continues to set Records in 1st Quarter of 2021. Sales of residential real estate outpaces 2020, which was an exceptional year for real estate. Our market is blustering hot! "What is causing this blistering feat? We need to look no further than hysterically low inventories, where active listings (excluding UCB *Home under contract accepting backup offers and … [Read more...]
2020 Remarkable Year For Real Estate In Phoenix Market! What’s Next in 2021
2020 Remarkable Year For Real Estate In Phoenix Market exceeding all expectations! Despite all the challenges we faced the year was transformed into the most successful sales year in ARMLS history. (Arizona Regional Multiple Listing Service) "A strong first quarter was followed with a 27.1% year-over-year drop in sales volume in April and a 33.7% drop in May. Historically, April and May are in … [Read more...]
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