As we wrapped up January, local market data shows that inventory levels have ticked up modestly, with more homes coming to market compared with the late-2025 trough—consistent with normal seasonal patterns where sellers begin listing early ahead of the traditional spring selling season. This gradual boost in supply means buyers now have a bit more choice than they did in late fall and early Continue Reading
Market Snapshot: Flat with Subtle Signs of Momentum
After the hot seller’s market through the unicorn years of early 2020s, activity has flattened out since the end of 2023, with buyers and sellers both taking a more measured approach. Local market indicators like the Cromford Market Index have recently climbed to around 88.8, marking a notable uptick (~5.6 points) from the prior month and signaling movement back toward a more balanced environment Continue Reading
September 2025 Market Stats
Buyer's Market continues but is slowing down to a more balanced market as some areas are already pulling into balanced or even a mild Seller's market. As with most things in Real Estate each location is different and you really need to analyze the area and even the neighborhood of a home to determine the best listing or offer strategy. Overall, it appears that right now may be the best time for Continue Reading
August Stats
As the hot days of Summer wind down, so do our average sale prices, with most price ranges seeing a year-over-year decrease of 1.5-2.0%. Average price per square foot was down about 0.5% from July. The monthly decrease is normal as the luxury market drops out during the hottest months of the year, while the year-over-year we would not classify as seasonal. Buyers are a bit timid as the economy is Continue Reading
Pricing Flatlined With 2022 – October Market Stats
October Market Highlights Median Sale Price is up approximately $4K Month-over-Month Cromford Index Drops to 121 (Weak Seller's Market) Year-over-Year Median Sale Price is down 0.3% Year-over-Year Avg Sale Price is up 6.1% My Two Cents Overall our market is following our typical seasonal patterns. The weather has FINALLY cooled off, bringing back many Continue Reading
Good News for Renters! – Market Update
We have good news for renters this month! The median rent has dropped over 7% in the last 90 days and rental supply (on the MLS) has increased 22% in the same timeframe. This means renters will find more options and slightly better pricing. Does this mean the market is on the verge of a crash? NO! Over the last couple of years we have seen the rise of a new rental concept; entire Continue Reading
The Buyer Blip is Over – Market Update
We've all seen the news headlines, we've heard the Goldman Sachs prediction that the AZ real estate market is headed toward a 2008 level "crash". The stats just don't show that. ARE THEY LYING? A little back-story (bear with me for a moment and it will all make sense). One of my favorite college professors taught my statistics course. He would give the entire class the same set of Continue Reading
2022 Ended Where It Started
The start of the New Year tends to bring change and excitement. Our local real estate market is bucking that tradition this year. Instead, we are looking back. The price gains we saw in early 2022 have now evaporated and we are back to 2021 pricing. Not necessarily a bad thing given that many homeowners had been priced out of the market at this same time last year. Our sales volume is Continue Reading
Is it a Good Time to Buy a Home?
Buy now or wait! This is the question on all potential homebuyers’ minds this fall. Over the past few weeks, the mortgage interest rates have soared to a 14-year high. Excessive government spending combined with surging energy costs and rising inflation has caused many would-be homebuyers to lean toward the wait side of that argument. But is this really a bad time to purchase a new home? Maybe Continue Reading
We Officially Hit a Balanced Market
Stats have finally caught up to the reality of the market. As of August we have officially reached a balanced market. The Cromford Index hit 106; a balanced market is 90-110, so we are now in the upper levels of balanced. This is similar to what we experienced in 2018 and 2019 before the craziness ensued. In August we also saw a stabilizing of the inventory. After a few months of sharp Continue Reading
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