Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but […]
Scottsdale Average Sales Price: July 2020 – $899,514 vs, August 2020 – $922,451 = 3% increase Average Days On Market: July 2020 – 85 vs August 2020 – 87 = 2% increase Average Sale Price Per Square Foot: July 2020 – $288.01 vs August 2020 – $292.58 = 2% increase Sale to List Price Ratio: […]
Metro Phoenix Average Sales Price: July 2020 – $632923 vs August 2020 – $618427 = 2% decrease Average Days On Market: July 2020 – 60 vs August 2020 – 58 = 3% decrease Average Sale Price Per Square Foot: July 2020 – $237.82 vs August 2020 – $238.1 = 0% No Change Sale to List […]
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home […]
How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time […]
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