September 2020 Phoenix Real Estate Statistics from the ARMLS, by Tom Ruff
The year that feels like it will never end has now passed the three quarters pole. With the September numbers now in the books, another set of monthly records are broken: the highest median sales price ever reported, the highest average sales price ever reported and the highest sales volume for any September in ARMLS history. Continue reading →
August 2020 Phoenix Real Estate Statistics from the ARMLS: The current state of our housing market is remarkable, even after our unemployment numbers rose above 12% in April and the U.S. economy contracted nearly 33% in the second quarter. Although many economists predicted a shutdown in our housing market, the opposite is happening.
Since June, we’ve seen strong gains in home prices and sales volume. The housing market is being fueled by low interest rates. Freddie Mac just reported another all-time low with the 30-year fixed rate having dropped to 2.86%. Continue reading →
September 2019 Phoenix Real Estate Statistics: 2019 has been an excellent year for ARMLS subscribers. When viewing the first 3 quarters of 2019, this year ranks number one with $25.47 billion dollars in gross sales. When the year ends, 2019 will most likely finish second to 2005. Continue reading →
August 2019 Phoenix Real Estate Statistics: with home inventory low and prices high, the ARMLS Phoenix Metro market needs an influx of homes to rent. If you have a home to rent, or are interested in renting your home, call us today at (602) 753-0333 Here are some of the numbers in the ARMLS region for August. You can read more by clicking here: http://armls.com/docs/2019-August-STAT.pdf Continue reading →
July 2019 Phoenix Real Estate Statistics: With home inventory low and prices high, the ARMLS Phoenix Metro market needs an influx of homes to rent. If you have a home to rent, or are interested in renting your home, call us today at (602) 753-0333 Here are some of the numbers in the ARMLS region for July. You can read more by clicking here: http://armls.com/docs/2019-July-STAT.pdf Continue reading →