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Real Estate Marketing Statistics June 2019
Monthly Sales Up 7.1% in Greater Phoenix Higher Incomes in Greater Phoenix Fueling More Contracts and Rising Prices For Buyers:Re-sale prices are not predicted to come down this year. Between August 2018 and January 2019 it looked like…
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Median Sales Price up 5.9% to $270,000 in Greater Phoenix Sales Rebound, Up 3.7% Over Last Year For Buyers:The median rent paid on single family rentals through the Arizona Regional MLS is currently $1,625 per month, which is…
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Mortgage Payments Drop $50 per Month on a Median Priced HomeListings Under Contract Up 19% in 5 Weeks! For Buyers: Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to…
Read More »Real Estate Marketing Statistics March 2019
Price Reductions up 71% on Listings $200K-$250K Sellers: Get Competitive, It’s “Buyer Season” For Buyers: Good news for buyers over the past few weeks, interest rates came down a few notches. That combined with the increased loan limit…
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List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas Sellers: Stop Trying to Time the Market For Buyers: A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the…
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Greater Phoenix Buyer Contracts Down 15% It’s Still a Good Time to Sell… For Now For Buyers: The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who…
Read More »Real Estate Market Statistics – March 2018
Median Sale Price up $20,000 over March 2017 17% of Sales are Closing Over Asking Price Phoenix Home Buyers: The percentage of seller concessions awarded to buyers has dropped down to 24% in the first quarter of 2018…
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