Dana Hubbell Group
Real Estate Success Since 1984
August 2016 Market Report
Active Listings and Sales: Total active listings, (with no UCB/AWC) have gone down by 604 units over the last month. As of July 17th we sit at 20,335 actives all property types. Sales are at 8,367 for the last 30 days (July 17th), down by 868 units from one month ago! We are currently sitting at a 2.4 months of supply, (based on Active listings with no UCB/AWC). Pending sales are down from the month before as of July 17th 8,367 vs. one month ago at 9,236. Traditionally, 3-4 months of supply indicate a balanced market. June re-sales and new sales in Maricopa County were 10,285. In May they were 9,898 . June of 2015 was 9,747 this is a 6% increase in year over year. June was the largest unit sales month since 2006!Type your paragraph here.
December 2016 Market Report...Phoenix is #1
Western cities account for 11 of the top 25 metro markets on our list, including five in California. But whatever their location, all the top markets have in common relatively affordable rental prices, low unemployment, large populations of millennials and baby boomers, as well as a high number of listing views on realtor.com. The top 10 are forecast to see average price gains of 5.8% and sales growth of 6.3%, exceeding next year’s anticipated national growth of 3.9% and 1.9%, respectively.
Phoenix ranks number 1 with a price growth of 5.94% and a sales growth of 7.24%! Read the full story here from Realtor.com.