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
image-4364

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
image-4365
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
camille@camilleswanson.com

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

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