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AZ Real Estate Chat Your online source for residential real estate news and conversations, focused primarily on the greater Phoenix metro area.

Nearly 20 years of experience working with satisfied buyers & sellers. We use a data-driven approach to provide clients the best tools & information for achieving their real estate goals.

10/21/2026

Wednesday Morning Market Update: Our market continues to slow, with the total of available homes hitting the 24k for the first time this year. Note that in absolute terms, this is not a big number; we were at or above that level for most of last year. But the number of sales has dropped considerably, so we are nearing a 5-month supply of inventory, well above the 3 to 4 month range we have seen for most of the last few years.

Wednesday Afternoon Market Update: Despite all the challenges with interest rates and the broader economy, our median p...
10/14/2026

Wednesday Afternoon Market Update: Despite all the challenges with interest rates and the broader economy, our median price has been very stable all year. ARMLS projections indicate we are likely to see a modest rise when the October numbers come in.

10/07/2026

Wednesday Morning Market Update: The number of active listings continues to rise, while the number of home visits continues to slow. That leaves us with our lowest rate of showings per active listing, at just 0.78 visitors per home last week. In the peak of the spring season, that was in the 1.2-1.3 range, and was reliably above 1.0 until we got to September. If you are looking to buy a home, the lower competition now could help offset the increase in mortgage rates.

Wednesday Morning Market Update: If you want a big clue as to why our market is slowing, take a look at the graph here ...
09/30/2026

Wednesday Morning Market Update: If you want a big clue as to why our market is slowing, take a look at the graph here (from the FreddieMac website) showing the increase in mortgage rates over the last few months; Higher rates make homes more expensive, and reduce the pool of buyers who can afford them.

09/23/2026

Wednesday Afternoon Market Update: Cooling off is great for our weather, but less good for our market. Over the last month and a half, the number of active listings is up, while the number of property visits is down. We have over 4 months of available inventory for the first time since March. Buyers will see more opportunity, and sellers will need patience to find a buyer.

Wednesday Morning Market Update: After holding steady for several months despite declining levels of activity, the medi...
09/16/2026

Wednesday Morning Market Update: After holding steady for several months despite declining levels of activity, the median price for ARMLS sales dipped a bit in August. Surprisingly, their figures are projecting an *increase* in September. I'll need to see it to believe it, as our supply of homes is increasing while the pace of showings is slowing.

09/09/2026

Wednesday Morning Market Update: In this week's episode of Supply vs Demand, we see that the average number of property visits per active listing is down under 1 per home. "Wow" properties can still drive a lot of interest, but in general sellers will need to be very price-conscious to draw attention.

09/02/2026

Wednesday Morning Market Update: Okay, it looks like the uptick in activity we saw over the preceding couple of weeks was indeed just a blip in our otherwise slowing market. Last week gave us the lowest number of property showings (not counting the 4th of July week) since the first week of January, and the number of homes in escrow is down to its lowest level since the 3rd week of January. Supply continues to outpace demand.

08/26/2026

Wednesday Morning Market Update: Following up on last weeks figures, we see that the number of active listings, and the number of coming-soon homes, both moved up a bit again. However, the number of homes sold over the last 90 days continues to drop. As a result, we have seen our supply of inventory gradually rise from 3.1 months in early July to 3.5 months today. More people are interested in selling, but so far we do not have more people interested in buying.

08/19/2026

Wednesday Morning Market Update: To my surprise, we see a couple of indicators of increasing activity since last week, with both the number of active listings and the number of coming-soon listings moving up a bit. We will have to wait until next week to see if this is a real trend, or just a blip in our otherwise gradual slowing.

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