Real estate & real living in the Valley of the Sun
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ARMLS: 15,631 Active listings in Maricopa County (and Still Falling?)

It’s been exactly 2 months since I posted “ARMLS: 16,586 Active listings in Maricopa County (and Falling?)“. Since then, active listing counts  decreased by nearly 1,000 (5.8%).

Active Listings in Maricopa County- 8/8/15

But why should I care? What does this actually mean?!

Let’s consider simple economics, assuming conditions stay unchanged for the next 6 mos:

  • If supply continues to decreases and demand increases, prices will also increase
  • If supply continues to decrease, even if demand stays the same, prices should rise modestly

Let’s take a look at buyer demand for real estate:

Cromford Report Buyer Demand Index
Demand has been pretty flat for the last few months, but note the trend upward since about Feb. 2014.

Let me break it down for you:

  • Buyers– it’s not getting easier to buy a home. Plan ahead and keep your prequal updated. Do something sooner than later so you don’t have to compete with snowbirds, who will be here in about 2 mos.
  • Sellers– spruce up your home and get it ready to sell- the market is saying that it’s ready for you.

Whatever you decide… be prepared and contact me to represent you so you’ll have a sound plan and agent ready to execute! I’m only a call away!!


Related Articles:

Gains Starting to “Trickle Up: in Phoenix & Scottsdale Real Estate

Mid-year Stats Show 2015 is a Good Year for Phoenix Real Estate

Metro Phoenix Condo Market Sizzles in 2015

Camille Swanson, REALTOR®
Call (602) 810-1750 Direct
(480) 998-0676 Office

6263 N. Scottsdale Rd. #140
Scottsdale, AZ 85250

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"Despite an upward trend in permits, we are unlikely to see affordable supply growing in the short or medium term, unless we start to redefine our thoughts about what is affordable: $300,000, or maybe even $350,000." - The Cromford Report 3/12/18

I've NEVER been a hard sell agent. I give you good info. You use it to make good decisions. If you're buying a home under $300K this spring in Metro Phoenix, carefully ingest this info. Then CALL ME to create a plan. YES- you need a plan. **This is one of the most competitive markets I've seen in years.**

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