The Market Begins to Cool

The Market Begins to Cool The market has been in such an overheated condition this year that any headline of a “market slowdown” is almost inherently misleading.  Yes, the market is slowing.  But it is a good sign, not a bad one. The market shift actually began in...

July 2021 Monthly Snapshot

DEMAND WEAKENS The market has been shifting since March when the properties available for sale hit its smallest number.  As we mentioned before, this market has been largely controlled by the supply (or more accurately, the lack thereof).  Supply is finally starting...

June 2021 Market Snapshot

THE HIDDEN FACTOR IN TODAY’S REAL ESTATE MARKET The Median price for homes in the greater Phoenix area is up a whopping 32% from 2020.  Prognosticating the real estate market is a thankless job – but unlike the stock market some predictions are fairly safe to...

May 2021 Market Snapshot

EARLY SIGNS OF MARKET CHANGES? The real estate market has been like our valley’s summers – unrelentingly hot. The inventory of homes for sale is ridiculously low for a metro area of our size.  The average number of available homes has been hanging in the 4100-4500...

Market Musings

In a persistently strong seller’s market – real estate newsletters can feel the opposite of news.  Like the weather in Phoenix – our real estate market can be antithetical to headlines.  Factually there are consistent changes, but large real estate shifts...