The Phoneix Real Estate Market Report for Jan. 2020

Great news for homeowners in Phoenix...Not so good for those waiting to buy a home!

As you just viewed the real estate market in Phoenix has continued to be very strong and returns of 10% year over year. If you'd like us to run information about a local city or community just reach out to your Desert Home Premier Team agent and they would be happy to help!

Also ask your agent about a copy of the full report!

Here's our November 2019 real estate report!  Things are certainly moving along here in Phoenix.

Some Highlights:

• There is plenty of talk in the media about a pending economic slowdown.
• The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th.
• Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate.
• It will not be a repeat of the crash in the 2008 housing market.

Who you work with matters! Let us help you through this scary process.....

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.