March 2021 Market Snapshot

NEW LISTING COUNTS LOWEST IN OVER 20 YEARS The valley is currently experiencing an almost once in a lifetime unbalanced market due to the extreme scarcity of properties for sale. This extremity is startling even to those of us whom have tracked numbers for 20 years. ...

February 2021 Monthly Snapshot

THE VANISHING HOME SUPPLY It is becoming harder and harder to find the words to adequately describe the extraordinary lack of homes for sale and the unbalanced market it is creating.  This phenomena is not confined only to the valley, but is occurring across most of...

January 2021 Market Snapshot

2020 ENDS. 2021 BEGINS. 2021 begins with the inventory of homes for sale at the lowest number recorded in the last 20 years.  As of January 10th, 2021 there were only 6,162 listings active in the MLS. To make matters even worse, that number is inflated because 10% of...

December 2020 Market Snapshot

ARE FORECLOSURES ON THE HORIZON? With the CARES Act and eviction moratorium due to expire December 31st, many people falsely believe that an abundance of homes will become foreclosures as homeowners begin to default on their mortgages.  This theory has a hypothetical...

November 2020 Market Snapshot

Demand Strong, Homes for Sale Scarce      The real estate market of 2020 will likely go down as one of the strangest years in history.  That is saying something given the meteoric rise of 2005 and the catastrophic fall of 2008.  The pandemic hitting in March quelled...