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April 18, 2022 Market Update

Monday, April 18, 2022   /   by Bryan Baylon

April 18, 2022 Market Update

The Easter weekend usually sees a slight lull in new listings and we are experiencing the usual short-term effect in 2022. One number that is still increasing is the number of listings "coming soon". The average count this week is 919, up from 805 this time last year. We hit a low of 441 in the third week of December, but have witnessed strong growth since then.

As supply slowly starts to recover, we anticipate we will see "coming soon" counts increase until the market softens enough to make "coming soon" a less popular option with agents. We are some considerable way from that point at the moment as the increase in supply is still very moderate.


Market incites provided by the Cromford report.
Market incites provided by the Cromford report.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085
602-410-0827

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