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Market Update
November 2017

FROM MICHAEL ORR AT THE CROMFORD REPORT
THE PHOENIX AREA LEADING EXPERT ON REAL ESTATE ANALYSIS.


23% of Listings Under $200K Sell Over List Price Greater Phoenix Appreciation 6.2% | Overall, But Varies

For Buyers:

There are currently 1,399 normal* single family listings between $100K-$200K in Greater Phoenix and supply levels are not expected to rise in this price range going into 2018. In the last half of 2017, an average of 1,396 normal single family new listings were added each month while 1,375 per month were sold in this price range. In November, 23% sold over list price compared to 27% last June and 28% closed with full price offers compared to 28% in June.

(*A normal listing is one that is not a short sale or foreclosure.)

For Sellers: