After a surprisingly large fall of $19,000 in April, the median single-family home sold price jumped $10,000 in May. Remember, the supply of all homes for sale is the highest since 2011, so there’s a lot of downside risk to prices if supply keeps increasing. There are almost 50% more homes for sale now than
A surprising $18,600 fall in 1 month in the median single-family home sold price in the Phoenix area MLS from $495,000 in March to $476,392 in April. April is usually one of the strongest months for home price gains. But it is only one month. Prices might rebound some in May. But the outlook isn’t
• Phoenix Real Estate Interactive Home Price Charts Weekly and Monthly. Here’s What Arizona can do to help stabilize house prices, which would increase Arizona home ownership, family wealth, and economic growth, all for FREE. Live-in home buyers did NOT cause house prices to skyrocket in 2021. Investor buyers did. Read the full post at 9 Free Ways
Supply Rising like a Phoenix h/t @Woningnieuws Supply of Homes for Sale Up 47% from Last Year But supply might finally be starting to level off. Maricopa County #3 for Population Growth But Pinal County Growing Faster Percentage-wise Phoenix #4 for Net U.S. Domestic In-Migration But Arizona Construction Employment Down 3.4% from Last Year Click on
Phoenix Supply of Homes for Sale Why Supply is Increasing The number of homes sold so far this year is the same as last year. BUT the number of homes hitting the market is up a total of 18% from last year. So, the supply of homes for sale is increasing every week. I’m trying
But First… I was interviewed by Mark Brodie for “The Show” on KJZZ! 42% More Supply for Sale than Last Year! Notice that supply is usually flat or falling this time of year, not increasing like this year. But also be aware that the metro Phoenix population is about 20% more than 10 years ago.
But first, I was interviewed on this podcast last week and it has 145,000 views so far! 40% More Supply for Sale than Last Year! It s NOT because home sales are down. The number of homes sold so far is the same as last year and the year before. It s because the number of homes
Supply of Homes for Sale Already Higher than 2024 Peak Phoenix supply of homes for sale already higher than highest level last year. Now highest since 2016. If the supply for sale peaks this spring like it often does, it won t be crazy high. But if it continues increasing fast, we could enter crazy high
It s only 3 weeks but so far the supply of homes for sale in Phoenix is increasing a LOT faster than last year! Supply jumped and we didn’t get rid of zoning last month. Zoning is a scapegoat the real estate industrial complex blames for high home prices. Maricopa County breaks all-time record for eviction
… BUT Prices Down 5% from May 2022 Phoenix home prices flat for 2+ years for typical-sized homes but prices for larger homes just set a record Phoenix home sold prices in December for the typical sized single-family home (1000-2000 square feet shown below) is flattish since Sept 2022. But for larger homes (3000-4000 square