As with all metropolitan areas, there are substantial differences in
housing prices, sales, listings, trends, etc., across the metro area.
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we can provide you with comprehensive, current market information.
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metro-Phoenix Housing Market
Maricopa County AZ has had the highest or near-highest
increase in population of ANY county in the entire USA.
Considering the lack of natural disasters,
relatively moderate climate,
relatively low cost of living & homes,
this is likely to persist for quite some time.
Regarding the critical supply-verses-demand issue,
… the supply, homes listed for sale or rent, is not close to sufficient.
New listings are far below both historic norms and current buyer demand.
As shown by the graphic to the right, the metro-Phoenix housing market is in a unique status, extreme status actually, Buyer demand has been very strong while supply, the number of active listings, is lower than for decades.
How strong is “demand”? In the first quarter of 2020, the dollar volume of Closed sales in ARMLS was the highest of any quarter EVER.
The highest year total for that metric was for 2018. Second-highest was 2019 – the bottleneck here being that very low supply.
Covid-19 dampened buyer motivation dramatically, but only for about 45 days. Home buyers were again thrashing the local market starting mid-May.
For our metro-Phoenix Housing Market reports
and the current monthly report with commentary from ARMLS
Click Here … metro-Phoenix Housing Market.