#1 Mystery In Current Phoenix Real Estate Market

Interactive Charts

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Number of Single-Family Houses Hitting the Phoenix MLS

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Symmetrical Price Changes

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Top Tweets of the Week

John Wake @JohnWake

Read the whole thing. "In August last year, Wall Street accounted for 1,757 home purchases in the $250,000 to $500,000 price range. This year, their combined purchases are 601 homes, a decline of 66%. For the graph below, we define “Wall Street” as iB..." armls.com/docs/2022-Augu…

John Wake @JohnWake

" Economist Elliott Pollack told azcentral.com that “this is the worst housing supply/demand imbalance I’ve ever seen. We’re at the precipice of a very serious problem.” " He tends to lean bullish which makes his quote even more scary.

azbigmedia.comWhy experts say Arizona housing crisis is a ‘growing cancer’ - AZ Big MediaThe Arizona housing crisis can be defined in many ways. Here’s why experts say Arizona housing crisis is a “growing cancer.”

John Wake @JohnWake

WOW! "Inflation soared to 13% in Phoenix last month, a record for any US city in data going back 20 years..." "Shelter costs in metropolitan Phoenix climbed 19% in August from the previous year, compared with a 6.2% gain nationwide."

bloomberg.comBloomberg - Are you a robot?

John Wake @JohnWake

One HUGE difference between 2005 and 2022. July 1 to Sept 13 Single-family houses Newly listed for sale in Phoenix MLS 2005 = 27,147 2022 = 19,219 Why? Mortgage rate lock-in lowers move-up sellers? Skyrocketed rents lower investor sales?

John Wake @JohnWake

Vacation rental shooting adds fuel to Airbnb opposition A boom in short-term rentals has resulted in hundreds of nuisance calls to police and concerns about Scottsdale's depleted housing supply.

azcentral.comVacation rental shooting in Scottsdale adds fuel to Airbnb oppositionA boom in short-term rentals has resulted in hundreds of nuisance calls to police and concerns about Scottsdale’s depleted housing supply.

Also

Phoenix’s Apartment Market is Cooling Off Fast

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Click on the graphs to go to the full-size, interactive version.

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Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).

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This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.

• Phoenix Weekly Market Updates 2022

• Phoenix Weekly Market Graph (only)

• Long-term Phoenix real estate market graphs

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