Friday, July 26, 2013

July 2013 Market Report

Report overview:

This report includes MLS data for the past 36 months in Maricopa County only as provided by the FlexMLS system.

Please note that searches fluctuate daily when running these reports; these figures were obtained on 7/4/13.   A reminder that you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying – blended statistics will not be as accurate as a more detailed report that your real estate professional can provide to help you with your decision making.

Click HERE to view full market report!

Monday, July 22, 2013

Real Estate Market Update

Below is the my Real Estate Market Update compiled from Michael Orr’s ASU Monthly Housing Report, ARMLS STAT and The Arizona Republic. This data is typically 45 days behind current market conditions.  I hope you find this data and information valuable!

June Stats from ARMLS

·        New Listings in June fell by 6% to 9,246 from the prior month. Year over year we are down .3%

·        Inventory:  Total inventory declined again 1.1% to 19,511 in June…Months supply of inventory is 2.37

·        As of July 11thARMLS showed 15,725 active listings with 3,786 UCB listings…30,000 active listings is considered normal!

·        Home Sales: June sales decreased 12.8% to 8,228 from May. Year over year we are plus 1.2%

·        June’s median new list price remained flat at $199,900. The average new list price declined from $281,670 to $275,608.

·        June’s median sales price increased 2.9% to $180,000, representing a 27.7% gain over the past 12 months. Average sales price slipped to $236,954 from  $237,800, indicating a 25.7% increase since June 2012.

·        Foreclosures pending dropped again in June to 8,027 falling 9% from last month and down 55% Year over year!!

·        Distressed sales total (short sales plus lender owned sales) of 1,766 fell again as a percentage of total sales to 21.5%

·        From the PPI Supplement (source ARMLS)…this shows the Price Points where most contacts are being written:

The following data is from ASU W.P. Carey School of Business with Michael Orr, Director Center of Real Estate Practice and Theory


Price Per SQ FT continues upward in all categories!!!

Like always, if you want to know what is going on in TODAY'S market, please contact me and I would be happy to answer any questions you have.


Monday, July 8, 2013

Confidence in housing market spikes
By Teke Wiggin

In May, Americans got a lot more optimistic about the housing market. Both the share of Americans who believe now is a good time to sell and the share of Americans who think now is a good time to buy rose sharply from April to May, with widespread reports of rising home prices, according to Fannie Mae.

Read more, click HERE!

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