Cylie Lawrence

Phoenix Real Estate Market Update 🏘️ -

Phoenix Real Estate Market Update 🏘️ March in Arizona brings some of the most beautiful days of the year. With longer, sunny afternoons and lots of local events, it's a season that naturally invites people to get out, explore neighborhoods, and envision what life could look like in a new home. This energy carries into our housing marke...

Phoenix Real Estate Market Update 🏘️ March Edition -

Phoenix Real Estate Market Update 🏘️ March Edition The home buying season is entering its busiest time in Arizona, and so far contracts in escrow are 7% higher than this time last year and they’re expected to peak over the next 2-3 months. Currently, demand is considered 16% below normal for this time of year, but last August it was 24% below norm...

Phoenix Real Estate Market Update 🏘️ How Things Really Feel... -

Phoenix Real Estate Market Update 🏘️ How Things Really Feel... Happy New Year! Buying season has begun in Greater Phoenix, and it’s kicking off with a wave of fresh new listings. In a typical year, January is the most popular month for luxury and retirement community listings to hit the market while March tends to be the peak month for the main stream. Within...

Phoenix Real Estate Market Update: December Outlook -

Phoenix Real Estate Market Update: December Outlook Journalists reporting on housing affordability are frequently quoting sources that reference median household income. Household income can be broken down into two categories, family and non-family households. The US Census defines a family household as two or more people living in a home and related...

Phoenix Real Estate Market Update: December Outlook -

Phoenix Real Estate Market Update: December Outlook It’s been an exciting month of November since President Trump floated the idea of a 50-year mortgage to help some buyers qualify to purchase a home. The initial reactions from the industry have spurred a healthy discussion on its potential impact on borrowers, affordability, demand. Since then, mu...

Phoenix Real Estate: November Outlook -

Phoenix Real Estate: November Outlook After a year of rate swings and uneven buyer confidence, the Phoenix-metro housing market is finding its footing. Mortgage rates continue to trend lower, offering both relief and opportunity.

Phoenix Real Estate: The Story So Far... -

Phoenix Real Estate: The Story So Far... Mortgage rates dropped over 2 months from July 15th (6.85%) to September 16th (6.1%), dropping payments by 7.5% across the board and reaching the lowest rate in over a year. Real estate professionals swung open the gates and awaited a stampede of buyers to arrive. But, while there was a wave of refi...

Phoenix Real Estate: September’s Quiet Comeback Story -

Phoenix Real Estate: September’s Quiet Comeback Story There were 5,933 closed transactions in September, up 6.3% from September 2024 and 1% higher than August. That includes 1,313 new-home sales, which declined 8.9% year-over-year but held steady month-to-month, and 4,620 re-sales, which rose an impressive 11.5% compared to last year. Even with one ext...

Phoenix Real Estate Market Update 🏡 -

Phoenix Real Estate Market Update 🏡 Be aware, the market is turning. Reading the Cromford® Market Index (CMI) for Greater Phoenix, a measure under 90 is a buyer’s market and 90-110 is a balanced market. Our index has been indicating a buyer’s market since November 2024 and hit bottom at a measure of 72 before turning mid-July. Tw...

Phoenix Real Estate Market Update 🏡 -

Phoenix Real Estate Market Update 🏡 I wouldn't necessarily call 100 degrees a chill in the air...but we can sense it coming. As we close out the slower summer season in the real estate market, we're beginning to feel the market shifting with the seasons.   These affidavits of value have been counted and analyzed for Maricopa County'...

Phoenix Real Estate Market Update 🏡 -

Phoenix Real Estate Market Update 🏡 Since April, active supply levels have now declined 13.6% due to a large increase in cancelled and expired listings from May through July and too few new listings to replace them. July cancellations were up 64% over last year and expired listings increased 69%. Demand for homes has also begun to rec...