Todays topic: How's the Market. Thank you to anyone who is brave enough to read this shit. I know reading about market conditions in real estate is SUPER invigorating stuff. I just want to try my best to keep you up to date on market conditions. Now listen, I live in the greater Phoenix area myself, but also work in Pima, Pinal, and Santa Cruz Counties. Typically, we are going to be looking at

Jan 28 - The latest S&P / Case-Shiller® Home Price Index® numbers were published this Tuesday. The new report covers home sales during the period September to November 2024. This means the typical home sale closed in mid October, more than 3 months ago. Please remember that Case-Shiller data is fairly old, even on the day it is released. 5 cities show mildly rising prices but 15 cities went down

Jan 13 - In 4Q 2024, we reached a peak of 22,006 active listings without a contract across all areas & types within the ARMLS database on November 24. This dropped to a low of 19,460 on January 2. Although sellers were helped by the 12% reduction in competition that disappeared between Thanksgiving and New Year, they have little reason to be encouraged by the developments since then. Active listi

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