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Monthly market reports on Phoenix home prices and the surrounding suburbs.

 

Be an informed buyer. Learn what home prices are doing in the various areas in and around Phoenix. Review the market reports below or search for homes HERE.

 

September 2017
After a 1 month slowdown in home prices in July, Phoenix area home values returned to their normal growth pattern in August. Low inventory appears to still be the driver of the price increases, especially in the resale market. The year over year price increases remain strong, but not "out of control" as we have seen in the past which is a positive indicator of continued, controlled growth for the foreseeable future. The complete, latest numbers are HERE.

 

 

August 2017
Home values in the Phoenix area paused last month from the string of consecutive months of growth, but the current shortage of homes indicates that this small price dip is seasonal versus the beginning of a trend. The growth over July of last year was substantial, and the sales numbers remained very robust for the mid summer months when sales traditionally slow a bit in Arizona. The complete, latest numbers are. HERE.

 

 

July 2017
Home values in the Phoenix area continued their healthy growth pattern last month, keeping the momentum going from a very strong spring. The bottom price bracket of the market, measured as homes less than $150,000, continued to be depleted along with total inventory in general. Although inventory is very low, it has not caused erratic, unsustainable jumps in home prices which is a a good sign that the market should continue improving for the foreseeable future. The complete, latest numbers by city are HERE.

 

 

June 2017
Home values in the Phoenix area finished off the spring on a strong note as expected. February through May are historically the strongest months and this year was no different. Although home sales were strong across all price points, the market for homes over $500,000 saw it's first improvement in a long time. The complete, latest numbers by city are. HERE.

 

 

May 2017
Home values in the Phoenix area continued to make controlled but steady gains again last month. The market continues to be favorable to sellers and the inventory of homes for $150,000 and under has shrunk to just 6% of the total market. The complete, latest numbers by city are HERE.

 

 

April 2017
The spring months are easily the best months for real estate sales in the Phoenix area, and this year is no exception. Real estate values have gone up gradually as inventory has depleted over the past 4 to 6 weeks. The complete, latest numbers by city are HERE.

 

 

February 2017
Prior to this month we had predicted that the stronger than normal holiday months at the end of 2016 would lead to a good beginning for real estate in 2017. That came to fruition, and prices experienced a nice increase. The complete, latest numbers are below. The complete, latest numbers by city are HERE.