From The Cromford Report April 2024:

In Phoenix Metro Area: “Supply continued to grow during March, which is very unusual for the time of year. However it only grew 2.8% so did not exactly pile up and remains well below normal. Not too much extra competition for sellers and a welcome increase in available choice for buyers.

Demand remains low and the number of pending listings fell 3.5% from last month and stands over 9% below this time last year. Although the March closed listing count was up 17% from February, this is far less of an increase than we would see in a normal year and the monthly total is down as much as 12% from March 2023. Demand has been weak for a long time and is starting to show signs of falling further. The annual sales rate is now down to the lowest it has been since 2009. As we have pointed out many times, demand for new homes remains far stronger than for re-sales.

A one-word summary of the current state of the market would be insipid. Volumes are unusually low but the market is stable and the level of distress remains close to record lows. There is also little sign of a significant change in the near term so those hoping for a major drop in prices are no doubt indulging in wishful thinking. We are heading slowly toward balanced market conditions so the prospect for a rapid rise in prices is also minimal.

Everyone is waiting to see if mortgage rates might fall and spark some buyer enthusiasm, but all forecasts of these rates have proven to be unreliable so far.

The only certainty is that things will change at some point and at the Cromford® Report we remain committed to letting you know as soon as that happens.”

Phoenix Metro real estate continues to shift and evolve.  Increased interest rates mean many buyers are sitting it out, waiting for prices to soften or rates to, or both.    I don’t have time to update this page very often, so please touch base  with me to hear what the latest news is. 

Workbook: DB52 (


129 W Nighthawk Way, Phoenix, 85045! Gorgeous Ahwatukee 3152 home with soooo many features!






926 W Lynwood St, Historic FQ Story,  1953 sf Stunner

303 W Mission Dr., Chandler:  3 bedrooms, 2 baths and pool!


Are you looking for  assistance to make your next real estate sale or acquisition?  My clients tell me they appreciate my desire to bring about results on their behalf and I am pleased to share their testimonials with you!   I’ve been happily representing sellers and buyers achieve their goals and dreams  since January 2003,  specifically in the metro areas of  Ahwatukee, Ocotillo, Chandler,  Tempe, Baseline Corridor/South Mountain Village, Mesa, Gilbert, Central Phoenix and Scottsdale. 

My approach is fairly straightforward:  I advise, provide consultative expertise, as much information as you require, up to date market stats, outstanding market knowledge, and allow you breathing room to make the decision that is best for you – and on your time frame.  My role is not to “sell” you, but to be the best real estate advisor possible.  Please call or email, I look forward to discussing how we can best work together to achieve your goal.