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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.

 

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