by Russell Shaw | Oct 18, 2021 | Uncategorized
Signs of a cooling market The Phoenix housing market is cooling, but it is far from cold. Here are some interesting numbers from the Cromford Report. From April 1st to October 1st, the number of homes for sale in MLS rose 92% going from 3,591 to 6,883 active...
by Russell Shaw | Sep 14, 2021 | Uncategorized
For those who are hoping for a rebalance of the market (we confess to be in that camp) this last month put a damper in the steady progress towards that goal which had been building since April. Increasing supply is the answer to rebalancing – and July delivered in...
by Russell Shaw | Aug 16, 2021 | Uncategorized
As we have been reporting for a while now, supply is increasing as the market continues to shift towards rebalancing. The number of homes for sale is up 42 % since May, and up 24.7 % in just the last month – which would be alarming if we didn’t start from a...
by Russell Shaw | Jul 15, 2021 | Market Update, State of the Market
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...
by Russell Shaw | Jul 13, 2021 | Market Update, State of the Market
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...
