Phoenix Housing Market Update

Phoenix Housing Market Update

Hello everyone and welcome to a new edition of Merrill's Market Madness. Normally, it's Merrill's Monday Market Madness but yesterday was labor day, so we're hitting you up on a Tuesday. So, Merrill’s Tuesday Market Madness just doesn't have the same ring to it so we're just gonna call it barrels market madness today. I am joined today with John Hogen, an agent on our team and he's gonna be sharing some awesome information with you guys here in a little bit but I wanna start off by talking as I always do about the month's supply of inventory number so right now active in our MLS is 18,987 listings and there are 8,568 homes that are currently pending 5 748 homes that have closed in the past 30 days. So if we take the actives divided by how many homes sold in the past 30 days it gives us a month's supply inventory number of 3.3.

Now, there are a couple of interesting things about that. Number one is the number of active listings so the low water marks the lowest we ever saw active inventory was around 4,000 active listings that were right at the kind of the end of February or the beginning of March. So at almost 19,000 active listings now we have almost 5x more homes available for sale today than there were even just six months ago. However, that's still a relatively low number given the size and population of the Phoenix Metro area. In fact, back in 2012 and 2013, we even saw home prices rising in those markets, we typically had between 20 and 25,000 active listings. So still pretty low given the size of Phoenix. 

The other thing that's interesting is the monthly supply inventory number, oh I'm sorry there's one other point I wanted to make about the active listings at just under 19,000 the active listings have kind of stopped climbing, we've been stuck at almost 19,000 active listings I mean there's an ebb and flow every day more homes come on the market on Thursdays and Fridays almost no homes come on the market on Sundays and Mondays so you know there is an ebb and flow but the point is active inventory does not seem to be increasing that doesn't mean new homes aren't coming on the market, of course, new homes are still coming on the market but older  homes are either coming off the market canceling expiring or homes are selling so the pace at which homes are being listed is not exceeding the pace at which homes are coming off the market so inventory has really stalled out and if it levels off and starts to go down from there especially you know if interest rates improve we could be back into a hot seller's market within a matter of months so i mean i maintain that this is the best time we've ever seen for a buyer to be able to buy a home right now decent amount of inventory not a ridiculous amount um that there's a lot of sellers who are really motivated who are willing to give concessions and who are willing to adjust their price and who are willing to provide you incentives to buy their house so really great opportunities out there right now. The month's supply of inventory number at 3.3 last Tuesday which was 3.5 so the month's supply of inventory number actually dipped slightly two weeks ago on Tuesday it was 3.29 so again inventory and month's supply of inventory have really stabilized. 

Now, let's take a look at, so those are numbers over the past 30 days but I wanted to give you know we're just in the first couple of days of September. I wanted to give you a recap of what happened in August. So in August, we saw 6,311closings, and the average sales price of all those homes was $553,434. The homes that sold had a 98% sales to list price ratio so whatever the list price was at the time, the homeowner contract it was selling for an average of 2% below that. So, if the average price was 553 just call it $11,000 on average below the asking price and the average days on market was 40 days.

Now, here's the so that's August let's look back a month and lower the July number. So July there were 6,191 closings again August was and 6,311 so we actually saw I mean not a huge amount more but an extra hundred or so homes sold in August as compared to July but here's the one here's the number that I found most fascinating, the average sales price in July was $547,197. The average sales price in August was $553 so we actually saw the average sales price go up by about $6,000, not a huge amount that's 1% average sales price increased about 1% from July to August you know maybe it's an anomaly, it's something we'll keep an eye on but one thing I can say for sure is that over the past month maybe six weeks we have not been seeing a big change in the average sales price. I look at it almost every single day you know kind of a 30-day rolling average for the average sales price and it's not falling. In fact, it has risen slightly, so it seems to me like we've kind of reached the bottom and I don't think prices are going much lower. So if you're a buyer and you're kind of like waiting for prices to go way lower, I don't know if they're going to, the data that we're seeing so far does not appear that that's going to be the case, and then I just thought it'd be helpful to look at August of the last couple years.

So, in August of 2021, there were 9,000 closings 9,056 so only 6,311 this August so we are seeing 30 fewer homes selling right now as compared to August of 2021 of course the market was absolutely on fire but check this out the average sales price in August of 2021 was $491,000, the average sales price of August 2022 is $553,000. So, we've actually still seen the average sales price increase by 53% plus nine $62,000 year over year you know a huge increase in the average sales price year over year. In August 2020 we were just coming out of Covid there were 9,200 homes that closed in August 2020 and the average sales price was $400,200. August 2019, 8,900 homes so basically 9,000 homes again average sales price was $340,000. So basically, the point I'm trying to make here is yes a typical August that we've seen over the last three years sees around 9,000 closings. This year we only had 6,300 closings so you know without a doubt that the amount of homes closing is fewer but that the average price really seems to stabilize inventory has stabilized and there are still 6,300 people who bought homes in August. So homes are still selling if they're priced right and if the prices are still way higher than they were even a year ago. So I'm going to turn the time over to John. He's kind of our resident luxury specialist and he's going to dive a little deeper into what's happening in the luxury market in the Southeast Valley.

John:  All right. Thanks, Merrill! So just to kind of touch on as we've seen Arizona grow the east valley has started to explode hence the increase in the luxury market just in this particular area where you know years back it wasn't too strong to go back into 2019 and 2020 in August of those months we're only seeing 12 homes sell each of those prior years. Currently, we have 257 active listings that range between one to two million dollars in the Mesa, Chandler, Gilbert, and the Queen Creek area 95 pending sales which is a pretty strong number, and then we've had 77 homes close up in the last 30 days which again looking back a couple of years we're looking at 12 all the way up to 77 and even more important is that last year in August of 2021 we only had 52. So we've seen a significant jump in the luxury market still staying strong as well and out on top of that we're sitting about 3.4% months of current supply which kind of matches up with everything else that we're seeing in a market trend as far as the valley goes and then we're also sitting about 44 days on market that's the same amount that we saw in 2021 which you know everyone looked at 2021 it's a crazy seller's market and so forth. So even looking now we're still staying around that 44 days and again it lines right up by just a couple more days as far as the whole valley goes for the days on market and then the last thing is we are setting about a $1.29 million average sales price for those properties and sellers getting around 97% of asking price. So again still looking for pretty strong buyers. If you're out there again, it's a great time to take advantage because you can see the rise in the prices year after year and the number of homes that are selling. So if you have the chance take advantage while you can while the market's still good for you.

Yeah, absolutely I mean that number blew me away, 77 homes over a million dollars sold in the east valley over the past 30 days right that's what I mean you know compared to 2021, and 2020 there were only 12,

John:  Correct!

Yeah, so a lot of luxury homes are selling, right?

John:  Absolutely!

So it's not like that market's not moving.

John:  It's definitely moving and again the demand for the east valley with those types of homes is increasing which like I said it's a great time to take advantage if you can.

Absolutely! I'll try to post the article in the link. I didn't think to have this prepared ahead of time but I saw a very interesting article over the weekend by Fannie Mae projecting that interest rates in 2023 will fall to 4.5%. Now, none of us have a crystal ball and we don't know for sure if that's going to happen but here's the point I just want to end with, if you wait until interest rates are 4.5%t to buy it's going to be a crazy competitive difficult frustrating seller's market. Again, I'm bidding wars and all sorts of craziness all over again. I really just really really believe this is the best time we've ever seen to buy a house you should get in now and then whenever the interest rates improve you know refinance it at that time to get yourself into a better rate and a better payment but we've never seen such a great opportunity to be able to negotiate, get money off getting concessions, get all the things you need to me to need to do.

So, if you're thinking about moving don't make it about like trying to time the market and trying to time the interest rates, you'll never get the timing just right like you should move when your family needs to move and when the timing is right and you know let us help you find a deal where the numbers in the house make sense for you and so yeah if you are curious about you know what it would take to be able to buy a home in this market or you're curious about the value of your home in this market we'd be happy to sit down with you and have a consultation and see if the timing is right for you. So please reach out and we appreciate you watching, have a great day!

What does this mean to you? If you're even a little bit interested in learning more about participating in the Phoenix housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone who is obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!

Check out these other market updates!

Buying vs Renting
Merrill breaks down the real estate trends in Maricopa County. He discusses how quickly your home can potentially sell and whether you should buy or rent your next home. Do you have a question for Merrill? Ask your questions in the comment section, we'll be happy to answer and possibly make a video regarding your question in the future! Facebook: https://www.facebook.com/BigHelperGro... Instagram: https://www.instagram.com/bighelper_e... Website: https://www.bighelperhomesearch.com/
Homes are Gaining Value in 2020
It is a sellers market in Maricopa County! With housing prices continuing to rise, checkout how much equity your house can be building!
Investing in Phoenix AZ Real Estate
The housing market keeps BOOMING?? In the Phoenix Metro area! The constant growth is causing a high demand for houses which is great for buyers and sellers! RIGHT NOW you can sell your home quickly for top dollar AND buy a home that will be giving you a great return on investment! Make sure to watch Merrill every Monday morning to get a detailed, specific overview of what your housing market is currently doing!
Is it a Seller's Market in Phoenix?
41% of homes listed in January 2020 are ALREADY SOLD OR UNDER CONTRACT!!! The Phoenix housing market is still booming and looks like it will not be slowing down any time soon! Checkout Merrills weekly market updates every monday morning to stay up to date in the Phoenix real estate world!
East Valley VS West Valley: Which has a hotter housing market?
In this video, Merrill discusses the current real estate market in Phoenix, Arizona. With still an extremely low "Months supply of inventory" both the east and west valley are extremely hot, but which one is hotter?
Scottsdale, AZ Ranks #1 in US for "Population Net Gain"
Scottsdale, Arizona has a population net gain of 108% giving it the #1 city in America for population net gain!! Translation: Phoenix real estate is HOT and home values will continue to go UP!
COVID-19 and the 2008 Housing Crisis: What's the Difference?
A lot of people are comparing the current economy to our economy during the 2008 recession. We made this video to inform you of the differences and hopefully ease your mind using facts!
Phoenix Metro Housing Market Update 7/13/2020
Get an update on the latest stats for what is going on with the housing market and house values in the Phoenix Metro area--this week's episode takes a look at how home values in the Southeast Valley have risen over the past year.
Supply Versus Demand in the PHX Housing Market 7/6/2020
Merrill's Monday Morning Market takes a look at supply versus demand in the Phoenix housing market, and also looks at the sold-to-list price ratio for the homes that sold in June 2020.
Historic Day in the Statistical Analysis of the PHX Housing Market
A Special edition of "Monday" Morning Market madness addresses this historic day in the statistical analysis of the Phoenix Housing Market.
San Tan Valley vs Maricopa: Which Bedroom Community is hotter? More Affordable?
A look at which bedroom community is hotter? Which one is more affordable? Maricopa or San Tan Valley?
COVID-19: Analyzing the Housing Market Shift
Statistically speaking, things seem to be heading in the right direction for the real estate market in the Phoenix Metro area!
House Values Dropping because of COVID-19?
What is happening in the housing market in the southeast valley--What impact is COVID-19 having so far on house values?
Eating Buffalo Wild Wings hottest wings to show exactly how hot the Phoenix Real Estate Market is!
The entire Phoenix Metro housing market is completely on FIRE! The market is so hot that we felt we needed to demonstrate it to you!
Phoenix Housing Market Update - January 2021
In this weeks edition of Merrill's Monday Morning Market Madness, Merrill takes a look at what average sales prices have been doing so far in January compared to December 2020
Your Zillow "Zestimate" could be way off! Zestimate vs Real Value (2021)
We have noticed that Zillows "Zestimate" can be misleading and sometimes flat out wrong. It is always a good idea to have a professional assess your home before you decide to sell, so you know for certain that you are selling your home for the best price!
EXP Realty explained in under 5 minutes (2021)
EXP Realty is an innovative cloud-based brokerage that is changing the way agents are compensated in real estate! By eliminating the traditional bricks-and-mortar office structure, they dramatically lower costs and share that additional revenue by distributing money back to the agents who help the company grow. eXp Realty offers over 50+ hours of LIVE training every week. This training can be accessed anywhere you have internet access via our cloud campus. Training ranges from lead generation, contract trai
Zillow and the Zestimate
Does your Zestimate seem low?! We agree!
Phoenix Metro Housing Market Update
In this week's edition of Merrill's Monday Morning Market Madness, we take a look at the continued struggling lack of supply situation and what we have been seeing with home values so far.
What is Zillow doing with the Zestimates?!?!
How many homes are REALLY available?
In this weeks edition of Merrill's Monday Morning Market Madness, we analyze what is going on with the Phoenix residential housing market, and what is going on with inventory?!
What will happen when the market crashes
In this week's edition of Merrill's Monday Morning Market Madness, we take a look at what will happen to your monthly payment when buying a home after the market crashes.
Phoenix Metro Housing Market Update 2/1/2021
In this week's edition of Merrill's Monday Morning Market Madness, we take a look at the continued struggling lack of supply situation and what we have been seeing with home values so far.
Phoenix Metro area update on the status of the housing market
In this weeks edition of Merrill's Monday Morning Market Madness, Merrill takes a look at what average sales prices have been doing so far in January compared to December 2020
Phoenix Metro Area Housing Market Update
Happy New Year! In this edition of Merrill's Monday Market Madness, Merrill makes some bold predictions for what we are going to see in 2021!
4/20/21 Phoenix Housing Market Update
The Phoenix Metro area is still a strong seller's market! Stay tuned every week for a detailed analysis of everything real estate in Gilbert, Chandler, Mesa, and the entire Phoenix Metro area!! Phoenix is the capital of the southwestern U.S. state of Arizona. Known for its year-round sun and warm temperatures, it anchors a sprawling, multicity metropolitan area known as the Valley of the Sun. It's known for high-end spa resorts, Jack Nicklaus–designed golf courses, and vibrant nightclubs. Other highlight
Seville Community (Gilbert, AZ) Real Estate Market Update! | How much is your home worth?
Luxury Homes in Gilbert, Arizona | Real Estate Market Update
So if you're a buyer thinking about buying in that price range, or you own a home, in that price range, and you'd like to kind of know, hey, what's the trends, what's going on in the market? This is the video for you
Phoenix Metro Real Estate Market Update | May 11th 2021
Merrill's Monday Morning Market Madness!
Giving you another update regarding Phoenix residential housing market.
Phoenix Metro Area Housing Market Update 6/7
Merrill's Monday Morning Market Madness examines whether the market is finally starting to shift or not?
DON'T Listen To Zillow! (Find Out How Much Your Gilbert Seville Home Is Worth In 2021)
If you live in the Seville area, I want to show you how much your property is worth. I'm a local full-time real estate agent and I don't work for any of the big companies like Zillow,
Is the Phoenix Housing Market on a downturn? 2021 real estate trends for the East Valley
Merrill gives an update about what the heck is happening with the housing market, in particular, what is going on with the rapidly increasing supply, and should we be concerned about it? Merrill will show you some trends, discuss what they mean for your home-buying decisions or selling decisions and offer up advice on how to stay ahead of the crowd. The BIG Helper Realty group covers the Phoenix Metro area. If you are looking for a Market Update for Gilbert, Chandler, San Tan Valley, Mesa or Queen Creek
Seville Real Estate Market Update July 2021
The Gilbert market is hot! Homes are selling 4% above the asking price in the Seville neighborhood. That's unheard of! And if that wasn't enough, we have a ton of buyers out there looking for new homes. This is a great time to sell real estate in Gilbert because it's likely that prices will continue to increase! If you're thinking about buying or selling in the Gilbert area, drop us a message we will give you the scoop on what you could get for your Gilbert Home.
Is the Phoenix housing market is slowing down?
In this week's edition of Merrill's Monday Morning Market Madness, we take a look at the numbers and to what extent the market is shifting and what it means for you as a buyer or a seller.
What is going on with RENT PRICES in the Phoenix Metro area?!
In this weeks edition of Merrill's Monday Morning Market Madness, we take a look at what average rent prices have done over the past decade and a deeper look at the real cost of renting!.
What is the best Phoenix suburb to invest in real estate? Phoenix Housing Market Update 8/13/2021
In this week's Phoenix Housing edition of Merrill's Market Madness, we take a look at what is going on with the real estate market, talk about the trends, the direction we think it is going to go in moving forward, and discuss investments and what areas we think are the best ones to invest in currently.
Seville Market Update
Taking a look at the housing market specifically as it relates to the neighborhood of Seville in Gilbert, Arizona.
July 2021 Seville Real Estate Housing Market Update - Merrill's Market Madness #45
The Gilbert market is hot! Homes are selling 4% above the asking price in the Seville neighborhood. That's unheard of! And if that wasn't enough, we have a ton of buyers out there looking for new homes. This is a great time to sell real estate in Gilbert because it's likely that prices will continue to increase! If you're thinking about buying or selling in the Gilbert area, drop us a message we will give you the scoop on what you could get for your Gilbert home. Do you have a question for Merrill? Ask yo
Gain An Edge and Win Against All of The Other Sellers By Having Excellent Marketing
You may be thinking the real estate market is crazy I can throw this home on the MLS and it will sell itself. It might and you will be definitely leaving money on the table. We have helped hundreds of people sell their homes in Gilbert and surrounding areas near Phoenix Arizona. If you're looking for a way to gain an edge and win against all the other sellers by having excellent marketing, we can help! If you're trying to sell your home, you need to start with marketing. Quite simply, if no one knows ab
Seville Market Update - September 7th 2021
What's going on in the Seville, Gilbert housing market?! Merrill Jencks takes his weekly deep-dive into the numbers. Take a look at what inventory and average sales prices are looking like at this point in time.
Are we seeing an increase in inventory? - Merrill's Market Madness #68
This week's edition of Merrill's market madness examines the sales numbers for September 2021, plus takes a look at the trends of the market, and whether or not to expect values to fall? Do you have a question for Merrill? Ask your questions in the comment section, we'll be happy to answer and possibly make a video regarding your question in the future! Facebook: https://www.facebook.com/BigHelperGro... Instagram: https://www.instagram.com/bighelper_e... Website: https://www.bighelperhomesearch.com/
Update regarding housing market for the Phoenix Metro Area
In this weeks episode of Merrill's Market Madness, we take a look at the current trend of the market, discuss whether or not we are expecting a reversal, and discuss affordability.
What is happening to the Seville housing market?? - Seville Market Update September 2021
Cash on Cash Return for Rentals in Phoenix Suburbs - Merrill's Market Madness #70
In this week's edition of Merrill's Monday Market Madness, we take a look at how much you can expect to get off an average rental in terms of cash flow, and how much that cash flow can increase a year later, etc. If you're thinking about buying or selling in the Southeast Valley area, drop us a message we will give you the scoop on what you could get for your home. Do you have a question for Merrill? Ask your questions in the comment section, we'll be happy to answer and possibly make a video regarding yo
Don't let Capital Gains Tax Eat up your Profits!
Don't let Capital Gains Tax Eat up your Profits! How much time have you spent learning about capital gains tax as it relates to real estate? Chances are, not that much. Which is okay! Not a lot of people know much about it. We're not accountants and can't give tax advice, but we find it really important to tell the homeowners we work with about capital gains tax. In this video, I break down how to figure out if you owe capital gains tax after the sale of your home. Please call or email me if you have any
How much will my monthly payment be if I buy a home?
Have you ever wondered how much will my monthly payment be if I buy a home? Should I use Zillow or is there a better tool out there? Merrill is going to take you through his favorite Mortgage calculator. Using this tool will help you know what your monthly payment will be. He also breaks down what will be included in your monthly payment. He goes over taxes, HOA, and homeowners insurance. If you are thinking of buying a home let us know how we can help you get started. bigheperhomesearch.com
Do you think the market is slowing down?? - Merrill's Market Madness #72
In this week's episode of Merrill's Market Madness, we take a look at the current trend of the market and discuss affordability in the Phoenix Housing Market!
Looking back at Phoenix Housing Market in 2021 & predicting 2022 - Merrill's Market Madness #74
It's hard to predict the future, but it's fun to look back on past predictions. In this week's edition of Merrill's Monday Morning Market Madness, I'm looking back at how accurate some Phoenix housing market predictions were in 2021, and sharing some predictions I have for 2022! If you're thinking about buying or selling in the Southeast Valley area, drop us a message we will give you the scoop on what you could get for your home. Do you have a question for Merrill? Ask your questions in the comment secti
Looking back at 2021 Seville housing market and into 2022! - Seville Market Update
It's hard to predict the future, but it's fun to look back on past predictions. In this week's edition of Merrill's Monday Morning Market Madness, I'm looking back at how accurate some Seville housing market predictions were in 2021, and sharing some predictions I have for 2022! If you're thinking about buying or selling in Seville or anywhere in the Southeast Valley area, drop us a message we will give you the scoop on what you could get for your home. Do you have a question for Merrill? Ask your questio
Seville Housing Market Update 2/1/2022
Housing Market Update in Seville Gilbert - February 2022 - Seville Market Update
Are you curious about the housing market in the south Gilbert neighborhood of Seville? In this video, we take a look at the latest trends as of February 2022. Stay up to date with the current market conditions and learn what's driving prices in this niche market! If you're interested in staying up to date on the Seville or general Phoenix housing market, make sure you subscribe to this channel and follow me on Facebook and Instagram at @BigHelperGroup and @MerrillJencks Merrill Jencks [email protected]
Phoenix Housing Market 2022 Update - Merrill's Market Madness
In this week's edition of Merrill's Market Madness, we take a look at the final numbers for January--what happened with average prices, interest rates, and the supply/demand? Also, a look ahead and what to expect in the coming months. Want to stay up to date on the Phoenix housing market? Make sure you're subscribed to our channel and follow us on Facebook and Instagram at @BigHelperGroup and @merrilljencks! Merrill Jencks [email protected] Merrill.bighelpergroup.com
What's happening in the Phoenix ??housing market ?? today - April 2022
In this week's episode of Merrill's Monday Market Madness, we take a look at how the market is reacting to far to these skyrocketing interest rates...and what kind of impact do we expect it to have moving forward. If you want to know more about the phoenix housing market and buying, selling, and investing in real estate, make sure you are subscribed to this channel and follow me on all social media platforms at @BigHelperGroup and @MerrillJencks.
10% Value Increase in 3 months! - March 2022 Phoenix Market Update #76
In this week's edition of Merrill's Monday Market Madness, we take a look at what average prices have been doing in the past couple of months, what kind of an impact the rising interest rates are having, and how do we expect things to change moving forward? If you like keeping up to date with the housing market in Phoenix, AZ, make sure you're subscribed to this channel and follow me on Facebook and Instagram at @MerrillJencks and @BigHelperGroup!
The Phoenix ??Housing Market is Slowing down! ????
In this week's episode of Merrill's Market Madness, we take a look at the most recent trends in the Phoenix housing market. What is going on with inventory and demand? What kind of impact do we expect that to have on the market moving forward.
The sky is falling!! ?? Phoenix ???? Housing Market Update
The sky is falling!! In this week's episode of Merrill's Monday Market Madness, we look at the trends in the Phoenix housing market. What impact has skyrocketing interest rates had on the market so far? How are home values being impacted? What can we expect to see if this trend continues? If you want to stay updated on the Phoenix housing market every month, make sure you're subscribed to this channel. I also post 3 videos a week on tips and tricks for buying, selling, and investing in real estate. Also
Getting a pulse on the Gilbert, AZ ????housing market!
Getting a pulse on the Gilbert, AZ housing market! Let's take a look at the direction of the market --what is going on with average home prices and inventory in Gilbert, especially amidst the rising interest rates.
Gilbert, Aizona Housing ??Market Update - June 2022
June 2022, what is happening with the housing market in Gilbert? What are the trends, what is going on with supply and demand, and what do we expect will happen with home values looking ahead? Hello, my name is Merrill Jencks I am with the Big Helper Real Estate Group at EXP Realty and I'm coming to you today with an update regarding the housing market in Gilbert Arizona and this is June of 2022. So if you live in Gilbert, if you own a home in Gilbert or you're renting or you are thinking about moving to
Is the PHX?? housing market shifting?? ?? - Market Update May 2022
The market continues to shift--but how quickly is it shifting, and what will this mean for buyers and sellers in the months ahead?
June 2022 Phoenix Housing Market Update
A look at the activity we saw in the Phoenix area for the month of June, and what we can expect to see moving forward.
Phoenix Housing Market Update: July 2022 Recap
In this week's episode of Merrill's Monday Market Madness, starring guest host Lynda Yap, we take a look at what is happening in the housing market for the Phoenix metro area. What happened in July and how does that compare to last month and last year? Furthermore, what does it mean looking ahead? Lastly, what did the fed's changed in the fedaral funds rate do to mortgage rates?
Phoenix Area Housing Market Update for August 15th
In this week's episode of Merrill's Monday Morning Market Madness (starring awesome guest host Terry Cottle) we take a look at the slowing housing market, rising MSI numbers, and then dive into the different parts of the east valley--which market is the hottest and which is the coolest?
Phoenix Housing Market Update
In this episode of Merrill's Monday Market Madness (On a Tuesday), Starring special guest host John Hogen, we take a look at the housing market in Phoenix. Are house prices continuing to fall? The answer might surprise you! Also, how did August compare to July and to August of the last couple of years? Lastly, what is happening in the luxury market in the SE Valley?
Will home prices drop in Phoenix?? - September Housing Market Update
Inventory continues to climb, but prices have really stabilized. Does that mean we have reached "the bottom" are are we just on a short plateau before going down again? We take a look at the trends to help buyers and sellers make informed decisions. Good morning everyone and welcome to a new episode of Merrill's Monday Market Madness! Today, we are going to be taking a look at the Phoenix housing market. What are the trends, you probably heard inventory is rising, and prices are falling? I want to share
9/26/2022--Phoenix Housing Market Update
In this week's episode of Merrill's Monday Market Madness, we take a look at inventory rising, months supply of inventory, interest rates, price reductions and looking ahead at what might be on the horizon?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Post a Comment