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Market update 2 24

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Greater Phoenix Market Overview for Feb 2015 - Shared by Michael Orr with the Cromford Report

Published in: Real Estate
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Market update 2 24

  1. 1. Listings Under Contract February 21,201 5 12,000 (WW) (—2o'1T7on ) (_2To~) (‘@370 (2010 on’) 1o, ooo 301 °7) 8,000 C 2005 Q 2006 0 2007 5,000 8 2003 Q 2009 Q 2010 Q 2011 9 2012 9 2013 4,000 O 2014 JAN FEB MAR APR MAV JUN JUL AUG SEP OCT NOV DEC 9 2015 All Areas & Types — ARMLS Residential Resale - Measured Weekly © 20 15 Cromnml Assoclalcs LLC "CA3
  2. 2. flv_: .J-—, —)_ , he A A tings Under Contract Greater Phoenix - ARMLS Residential - Measured on Same Date Each Year Last Update: 2/23/2015 8:13:20 PM 0 IOI5 cmnlom Associu1lesllC - sharing is permilled
  3. 3. 0536! 653% 05209 OSM2 ‘ ZIP Codes Showing Strongest increase in Demand Versus Supply 85317 851 I9 55I2D SSHD OSNO &S2I§
  4. 4. is Demand is low but growing (83% of normal) l fa rs ”UCB” situation means these numbers are probably the wrong way round 4* AZ loan delinquency below normal at 4.5% fir New foreclosures are at lowest level in 15 years _l s Lending rules starting to loosen G Rent versus buy analysis strongly favors buying 0 Economy and jobs continue to improve ‘=9 Time to change from relief to optimism 1.4‘? — V. A u 1--v— __. "-. i,

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