Phoenix Market in Doldrums?

The weather here has been especially nice, but the plants are confused.  With daily temps in the low 70's, they are beginning to flower and pollinate.  This is not good news for people with allergies!

Here is the latest words of wisdom from the Cromford Report:

"The market remains in the doldrums with weak demand and low supply. In the last couple of weeks both have been falling but that is only temporary. Both are likely to grow during the rest of January and it will be important to watch which of them shows the greater acceleration."

This contrasts with my own experience.  I have helped two people to find homes this month so far, and each of them ran into multiple offer situations.  We eventually prevailed and got a very nice home under contract for each of them, but not without a couple offers being passed over.

However, if all you look at is total sales, you will understand where the doldrum comment comes from.  Have a look at the chart, and you can see how sales in the Phoenix market have tailed off, and gone "flat" for about a month or so.  I expect that this will pick up - as it does every year - right about now, in mid-January.

Meanwhile, I am working with 4 clients to find them homes!

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