Market Overview Reports
Metro Phoenix housing market continues to show strength as we move into the second half of 2018...
The metro Phoenix housing market, which includes both Maricopa and Pinal Counties, continues to show strenght in 2018. The most recent market data for the Phoenix housing market supports continued optimism about the outlook for the remainder of 2018 and beyond, as we forecast in our comprehensive market forecast for 2018-2020. Click here get the report - just updated at mid-year.
While the market is still driven by a number of housing hotspots we are clearly seeing growing strength in new and peripheral geographic areas and in a broader range of products and price points as builders seek available lots in more diverse areas of the region and as more affordable new housing becomes more in demand as the regional economy continues to improve.
The details of month by month new-home permit and closing activity are available in our Phoenix Housing Market Letter and our Sales and Permit Report. For those needing to track Land acquisitions, new home permits and closings at subdivision and transaction level, future community locations and lot counts and resale home closings, our Magic Professional housing data application offers a map-based research tool which is considered to be the industry best in the marketplace. See the Magic Pro section on this website.
Recently, the market share capture of new homes overall versus existing homes has risen to the range of 15% or so, but in some housing “hotspots” in the region new-home market share has returned to the 25-30% range which was considered by most as a normal mix prior to the 2005 market, driven by increased resale prices, fewer resale listings, and more affordable builder products.
We identify these housing hotspots in our 3 Year Forecast 2018-2020, available from this website as well as in our Hotspot Maps.
We provide our clients with timely, affordable, and accurate housing market intelligence. Our data is updated and published every month for the entire Metro Phoenix marketplace. See the Our Reports tab on this website or give us a call at 623.341.1127 for additional information about any of the products and resources discussed herein. Email us at firstname.lastname@example.org
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The Market letter, written by RL Brown, is an inexpensive way for new and resale housing pros to keep abreast of both activity and trends, and is considered the regional “go-to” source of market performance data, builder and community rankings, market share capture, and market trends as intense focus remains on market and product positioning across the region. Read more about these and other topics affecting the metro Phoenix housing market in our monthly Phoenix Housing Market Letter.
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