One of the metrics used to measure the health of the real estate market is Months Supply, which equates to the number of homes on the market divided by the average number of homes sold per month. A seller’s market is one that is typically described as on where there are 4 months or less supply [...]
From the monthly archives:
February 2009
News this weekend says that the median price of house in Phoenix is now $25,000 less than in Tucson. While the article focuses on the Tucson market, it shares some interesting data about the Phoenix real estate market. The two points that come to my mind after reading the article are: Comparing the Maricopa County [...]
Yesterday, my husband, my mom, and I finally visited the Chihuly exhibit at the Phoenix Desert Botanical Garden, located on the southwest boarder of Scottsdale. Visiting the garden itself is a treat, the Chihuly glass made the afternoon spectacular. I’ve seen other photos of the Chihuly artwork in the gardens. Most of the photos I’ve seen were taken [...]
Over at Click2AZ, I posted a chart showing the significant increase in pending home sales for the Phoenix Metropolitan area. As Michael Orr from the Cromford Report shared a couple weeks ago: The more expensive areas have generally been left out of the surge in pending sales, probably due to the greater difficulty in securing jumbo loans [...]
The number of homes that are contracted to sell has been increasing steadily for the past several months, and January was no exception for Maricopa County. Just two weeks ago, on 2/3/09, Michael Orr at the Cromford Report shared: Pending sales in ARMLS stand at 7,522 today compared with 5,530 on January 3, 2009. This a monthly [...]
Housing prices have dropped dramatically in the Phoenix Metro area over the past year. In many areas, that past three months have been brutal. I read as much as I can – I think it’s important to hear what the experts have to say. One of the people, I listen to is John Burns, a [...]
