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Market Update
September 2017

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


Active Listings Between $150K-$175K rise 17% since June | Has the Phoenix Real Estate Market Recovered?

For Buyers:

Supply between $150K-$200k continued rising in August. However the $150K-$175K range had a more dramatic rise. While still 26% below last year, it rose 17% since the beginning of June, a strong departure from the weekly decline this market experienced in the first half of 2017. For buyers in the rest of the market over $200K, nearly all price ranges are running lower than last year with the exception of the top tiers. For those buyers who have seen every listing available and still haven't found a match, late September usually sees an increase in new listings across the board. This makes the 4th quarter a good time to be a buyer.

For Sellers:

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