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Pricing Flatlined With 2022 – October Market Stats

November 6, 2023 by svalada Leave a Comment

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

October 12, 2023 by svalada Leave a Comment

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

February 9, 2023 by svalada Leave a Comment

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

January 10, 2023 by svalada Leave a Comment

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?

November 1, 2022 by svalada Leave a Comment

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

September 9, 2022 by svalada Leave a Comment

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

Balanced Market Here We Come

August 3, 2022 by svalada Leave a Comment

July Market Stat Highlights 🟢 Bidding wars have become a thing of the past 🟢 New inventory is up 7.7% month-over-month 🟢 Total Supply is up 237% year-over-year 🟢 3+ months of inventory in most SE Valley cities     What does all this mean? Inventory is climbing and demand is dropping. The balanced market is right around the corner. Keep in mind stats are 30-45 days behind, so Continue Reading

Sharpest Market Deceleration Since 1980’s – June Snapshot

July 11, 2022 by svalada Leave a Comment

As we head further into Summer we are seeing more than our typical seasonal slowing of the real estate market.  In fact, we are seeing the sharpest market deceleration since the 1980's!  All of this was by design, of course.  The rise in interest rates was purposeful in order to slow the market and that's exactly what it has done.   We are now seeing both an increase in Continue Reading

The Market is Shifting – May Stats

June 7, 2022 by svalada Leave a Comment

As we analyze May's market stats, we see more and more signs of the Market Shift that we keep seeing pop up in the news headlines.  Some highlights from the latest stats: 🟢Inventory has increased by 90% in the last 2 months alone ⚪️Buyer Demand has dropped by 8% in the same timeframe 🟢Year-over-Year price increases remain in the double-digits ⚪️Homes under $500K see the largest Continue Reading

How Rates are Impacting the Market – April Market Snapshot

May 12, 2022 by svalada Leave a Comment

How are interest rates impacting the market? Probably the #1 question I am getting right now.   We did see a bit of a shift for Maricopa County as a whole in the month of April. In fact, for the first time in what feels like forever, we had an overall decrease in average sale price, dropping by $45,000 with a 67% increase in inventory.   That being said, DON'T PANIC! It is Continue Reading

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Stacey Valada


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(480) 326-3064|Contact Stacey| Rome Towers Penthouse 1760 E. Pecos Rd, Ste 501 Gilbert, AZ 85295
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