If you need assistance, please call 602-410-0827

August 20, 2022 Market Update

Saturday, August 20, 2022   /   by Bryan Baylon

August 20, 2022 Market Update

The rate of arrival of new listings continues to drop while demand has stabilized at a subdued level. This means we are seeing only a modest rise in active supply - up only 132 in the last week. The is less than half the rise during the previous week and dramatically lower than a month ago.

Some cities have even seen supply fall during the last 7 days, including Fountain Hills, Cave Creek, Maricopa, Chandler, Glendale and Tempe.

This new trend, if it continues, will substantially reduce the recent downward pressure on pricing.


Market insights 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

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Bryan Baylon - Keller Williams Northeast Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 21, 2024
This site powered by CINC: www.cincpro.com