AZ Real Estate Chat

Wednesday Afternoon Market Update: ARMLS stats show that our median price inched up slightly in May, with projections for June indicating that it will tick back down this month. As you can see on the chart below, while the *average* price has had some notable ups & downs, our *median* price has been very stable for the last year.

Wednesday Morning Market Update: As we predicted last week, our pace of showings was up this week, but not up to the level that we saw earlier in the year. And the coming week will likely drop again, with plenty of people traveling or otherwise engaged for the Memorial Day Weekend. With the end of the school year, and the summer heat, fast approaching, our rate of showings is expected to trend down for the next several months.

Wednesday Morning Market Update: After a bit of a lull over the Easter weekend, we saw showings pick back up over 28k last week. The number of active listings has risen through the spring, but only about 5% since the start of February. Interest rates and overall uncertainty continue to act as brakes on our market.