Monday Morning Arizona Real Estate Market Report

Phoenix                 Scottsdale                   Paradise Valley                   Fountain Hills

Tempe                   Mesa                         Chandler            Surprise           Goodyear

Glendale                       Peoria                    Cave Creek              Litchfield Park

​

***Search other Cities or Zip Codes from any one of these reports.***

​

"Education is not the learning of facts, but the training of minds to think." 

                                    - Albert Einstein

We work hard to keep our clients informed about the market. These weekly reports use real-time data so you can make better decisions based on what’s happening in the market right now and how the market is changing week by week.

​

You can use the stats when talking with your "Gimlet Advisor"...some key things for you to talk about are:

1. The Natural Rhythm for the local market.

2. Knowing the Rhythm can help a Buyer save 5% to 10% on their purchase OR help a Seller get more for their home in a shorter period of time.

Looking at key stats:

• Always look at the Inventory first...if it's a small number one listing can impact the stats significantly.  For example if there are only 9 homes in the inventory and 1 new over-priced home comes on the market...it will represent 10% of the market.

• Median List Price...look at the 3 year chart in the middle of the report.  

  • Note the dashed line...that's a leading indicator showing the current direction of the market.

  • This is helpful for Buyer and for Sellers.

  • Percentage of Price Decreased - how many of the Active Listings have lowered their price.  Again this is critical for both Sellers and Buyers as it can help them make a favorable decision to buy or sell.

  • Market Action Index - it shows two things...1) The market's momentum and 2) Who is the market favoring - Buyers or Sellers.

Feel free to share this report with your friends and family.