NAR Data Shows Now Is a Great Time to Sell!

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.

Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report.

REALTORS® CONFIDENCE INDEX

Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that home-buying demand continued to outpace supply in May.

The map below illustrates buyer demand broken down by state (the darker your state, the stronger the demand is there).

In addition to revealing high demand, the index also mentioned that “compared to conditions in the same month last year, seller traffic conditions were ‘weak’ in 24 states, ‘stable’ in 25 states, and ‘strong’ in D.C and West Virginia.” 

Takeaway: Demand for housing continues to be strong throughout 2017, but supply is struggling to keep up, and this trend is likely to continue into 2018.

THE EXISTING HOME SALES REPORT

The most important data revealed in the report was not sales, but was instead the inventory of homes for sale (supply). The report explained:

• Total housing inventory rose 2.1% to 1.96 million homes available for sale
• That represents a 4.2-month supply at the current sales pace
• Unsold inventory is 8.4% lower than a year ago, marking the 24th consecutive month with year-over-year declines

According to Lawrence Yun, Chief Economist at NAR:

“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”

In real estate, there is a guideline that often applies; when there is less than a 6-month supply of inventory available, we are in a seller’s market and we will see appreciation. Between 6-7 months is a neutral market, where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and should expect depreciation in home values.

As we mentioned before, there is currently a 4.2- month supply, and houses are going under contract fast. The Confidence Index shows that 55% of properties were on the market for less than a month when sold.

In May, properties sold nationally were typically on the market for 27 days. As Yun notes, this will continue, unless more listings come to the market.

“With new and existing supply failing to catch up with demand, several markets this summer will continue to see homes going under contract at this remarkably fast pace of under a month.”

Takeaway: Inventory of homes for sale is still well below the 6-month supply needed for a normal market. And the supply will continue to ‘fail to catch up with demand’ if a ‘sizable’ supply does not enter the market.

Bottom Line

If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers that are still out searching for your house. Give me a call for more information – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

Search for Your New Home

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

2561 E Fir Street Williams, AZ 86046

$875,000

3 Beds

2 Baths

2,451 SqFt

Status Active

MLS # 6709987

Property Type Single Family Residence

Price Type --

Step into the enchantment of this fully furnished luxury log cabin nestled on 5.81 acres, boasting awe inspiring majestic mountain vistas. Inside, an open floor plan with vaulted ceilings and skylights floods the space with natural light, creating an inviting ambiance. The incredible eat-in kitchen features an island, granite countertops, and custom cabinets, perfect for culinary adventures or casual dining. Entertain guests at the custom-built bar, complete with a wine fridge, or relax in the den, a bonus space with flexible use, ideal for a home office, library, or media room. Wood floors and tile throughout the home add warmth and character, while the renovated Arizona Room offers a cozy space to take a breath. The home is adorned with new Trex decking wrapping around the entire property, offering an inviting space to savor your morning coffee while witnessing the breathtaking sunrise and daily wildlife visits. Unwind in the evening with a cup of hot cocoa by the wood fireplace in the living room, or gaze at the countless stars in the night sky while immersing yourself in the peace, quiet, and serenity that surrounds you. A myriad of improvements enhance the home's comfort and functionality, including new appliances, a new roof overhang on the front porch, renovated Arizona room with new windows, new air conditioner and heater, and a whole house standby generator for added peace of mind. Outside, a two-story, extra-large three-car detached garage with an unfinished loft/workshop provides ample space for storage or hobbies. The property also includes a storage shed, MQ Multi Quip 525-gallon water trailer and a 2021 Kutoba front-end loader. Sale includes furniture and decorative items, ensuring a seamless transition into your Northern Arizona dream home. See full list of improvements and included furnishings in documents section. Don't miss the opportunity to experience the tranquility and beauty of this exquisite retreat. Transform this dream property into your reality!

View Property

14026 S 34th Street Phoenix, AZ 85044

$875,000

4 Beds

3 Baths

3,138 SqFt

Status Active

MLS # 6712057

Property Type Single Family Residence

Price Type --

STUNNING & IMMACULATE COMPLETE REMODEL IN CANYON ESTATES!!*4 BEDROOM, 3 BATH, PLUS LOFT/GAMEROOM*FOYER*FORMAL LIVING ROOM*FORMAL DINING ROOM*FAMILY ROOM W/FIREPLACE*LARGE KITCHEN W/STAINLESS STEEL APPLIANCES, ISLAND, QUARTZ COUNTERS, MOSAICS, & RECESSED LED LIGHTING*ONE BEDROOM ON MAIN LEVEL WITH FULL BATH*LARGE MASTER SUITE*MASTER BATH W/DUAL VANITIES & WALK-IN CLOSET*TWO ADDITIONAL BEDROOMS UP*PLANTATION SHUTTERS THROUGHOUT*EVERYTHING IS BRAND NEW LIKE A NEW BUILD*LAUNDRY ROOM*3-CAR GARAGE*PRIVATE LOW MAINTENANCE BACKYARD WITH COVERED PATIO, TURF, PEBBLESHEEN POOL, & PALM TREES*PERFECT FLOORPLAN*THIS IS TRULY A RARE FIND IN CANYON ESTATES!!!

View Property

3408 N 81st Street Scottsdale, AZ 85251

$875,000

3 Beds

3 Baths

2,053 SqFt

Status Active

MLS # 6713662

Property Type Single Family Residence

Price Type --

$25,000 PRICE IMPROVEMENT! Motivated sellers offering buyer concessions. Welcome to this exquisite eco-friendly 3bed/3ba home featuring two spacious primary suites and a chef's kitchen designed to impress. The kitchen boasts a large quartz island, double ovens, induction cooktop, Thor refrigerator drawers, beverage center, soft close cabinets, RO and a full pantry wall with pull-out shelves. A custom full glass wall connects indoor living to the backyard oasis, complete with patio with custom shade structure, gas firepit, and raised planters. Energy-efficient amenities include owned solar, 2 new HVAC units and an EV charger. Beautiful hardwood floors throughout complete this luxurious retreat that seamlessly blends comfort and style.

View Property

4529 E Casey Lane Cave Creek, AZ 85331

$875,000

5 Beds

3 Baths

3,352 SqFt

Status Active

MLS # 6717474

Property Type Single Family Residence

Price Type --

ABSOLUTELY GORGEOUS HOME IN HIGHLY DESIRABLE TATUM RANCH! FULLY APPOINTED GOURMET KITCHEN INCLUDES UPGRADED CABINETS-SLAB GRANITE COUNTERTOP-STAINLESS APPLIANCES-GAS COOKTOP- NEW WOLF DOUBLE OVENS, NEW BOSCH DISHWASHER, CUSTOM LIGHTING PACKAGE-EXTENDED CENTER ISLAND & BEAUTIFUL HARDWOOD FLOORS! HUGE MASTER RETREAT INCLUDES TRAVERTINE SHOWER- DUAL VANITIES W/ GRANITE-SEPARATE SOAKING TUB & WATER CLOSET-OVERSIZED BEDROOMS W HUGE CLOSETS! DOWNSTAIRS GUEST ROOM & SPACIOUS OPEN FLOORPLAN IDEAL FOR ENTERTAINING! SITUATED ON AN OVERSIZED LOT (10,395 SQ FT), TROPICAL RESORT BACKYARD FEATURES LUSH GREEN LANDSCAPE W/ SPARKLING 9 FOOT HEATED POOL W/ SPA & WATERSLIDE! EXTENSIVE MANICURED SIDE YARD W/ SYNTHETIC GRASS PLAY AREA & BUILT-IN STAINLESS BBQ-COZY GAS FIREPIT W/ SITTING AREA & PUTTING GREEN!

View Property

8750 E Starlight Way Scottsdale, AZ 85250

$875,000

3 Beds

2 Baths

1,583 SqFt

Status Active

MLS # 6714277

Property Type Single Family Residence

Price Type --

Terrific location with easy access to 101 Freeway Walking distance to shopping center Public parks Convenient to all Scottsdale has to offer and so much more with pleasant enjoyable atmosphere

View Property

43908 N 10th Street New River, AZ 85087

$875,000

4 Beds

3 Baths

2,455 SqFt

Status Active

MLS # 6718757

Property Type Single Family Residence

Price Type --

Enjoy the best views in New River! Panoramic valley and mountain views, gorgeous territorial custom home, wrap around decks and no HOA on almost 1.5 acres! This spectacular hillside home offers a large open concept floorplan, master suite on main level with another guest bedroom and bath. The Chef's kitchen boasts Alder cabinetry, polished light Corian, black appliances. The dining area offers amazing views! The laundry has cabinets and a sink. All appliances convey. The lower level has 2 bedrooms and a Jack n Jill bath. All bedrooms have access to the view decks or patios. All tile floors, walls of glass, dramatic fireplace in grtrm, luxury master suite, and a 3-car garage, plus new exterior paint. Backyard has a place for a spa and has a fire pit, with fenced area for pets.

View Property

15615 E Telegraph Drive Fountain Hills, AZ 85268

$875,000

3 Beds

3 Baths

3,225 SqFt

Status Active

MLS # 6747759

Property Type Single Family Residence

Price Type --

*Price reduced for quick sale!* Enjoy breathtaking views of Four Peaks and Red Mountain from this resplendent Fountain Hills estate! The 3 bed/3 bath single-level home features a split floor plan, chef's kitchen with island and breakfast seating, an abundance of living space, formal dining, bonus room full of mountain views, tasteful touches throughout, and ample natural light. The master suite boasts its own fireplace, separate sitting area, and a bathroom with double sinks and separate shower/tub (with jets). The property boasts plenty of parking with both attached and detached garages, for a total of 4 covered parking spaces. The resort-like pool and scenic backdrop provide a magnificent retreat. This is Fountain Hills living at its absolute finest. Welcome home!

View Property

27406 N 22nd Lane Phoenix, AZ 85085

$875,000

5 Beds

3.5 Baths

4,464 SqFt

Status Active

MLS # 6721399

Property Type Single Family Residence

Price Type --

Stunning residence featuring a 3-car garage, large RV gate with pavers and resort backyard is a dream come true! Fall in love with the impressive layout showcasing tile floors, and upgrades throughout. Formal living & dining rooms are perfect for family's big meals. The gorgeous chef's kitchen offers ample cabinets, SS appliances, a chic mosaic backsplash, granite counters, & an island w/breakfast bar. Enjoy additional living space with the family room and oversized loft! The wine/wet bar can't be left unsaid. Double doors open to the main retreat, boasting a walk-in closet and a private bathroom w/dual sinks. Downstairs bedroom w/a Murphy bed, ideal for an office/guest quarter. Patio has retractable sunshades, built in BBQ and big Spa! Solar covers entire bill every month. The wonderful backyard is an entertainer's dream, including a covered patio, a cozy firepit, a built-in BBQ, a paver seating area, & a sparkling pool with a stone waterfall! This gem won't disappoint!

View Property

1800 S Salt Mine Road Camp Verde, AZ 86322

$875,000

3 Beds

3 Baths

3,380 SqFt

Status Active

MLS # 6724670

Property Type Single Family Residence

Price Type --

Welcome to your dream property! Enjoy breathtaking panoramic views from all around this 18+ acre parcel bordering the Prescott National Forest and a short distance to Copper Canyon Loop which is perfect for hiking and horseback riding. Beautiful 3,379 sq. ft. residence features 3 bedrooms, 3 bathrooms, an elegant kitchen with granite countertops and custom wood cabinetry, and stunning stone tile. Primary bedroom with en-suite bath. Above the garage is a versatile space that can be used for a home theater or studio. This property is ideal for equestrians with ample space and easy trail access. Don't miss this rare opportunity! Buyer and Buyer's Broker to verify any and all items that are of material issue.

View Property

4467 E Kelly Court Gilbert, AZ 85298

$875,000

5 Beds

2.5 Baths

3,005 SqFt

Status Active

MLS # 6729443

Property Type Single Family Residence

Price Type --

Welcome to this stunning home with a new AC in 2022, paid off solar, and on an oversized lot in Seville! This well-thought-out layout boasts 5 bedrooms, 2.5 updated bathrooms, and updated flooring. You will love the entry living room highlighted by a curved staircase, soaring ceilings, and Norman shutters. The spacious great room seamlessly connects to a beautiful kitchen finished with granite countertops, a peninsula breakfast bar, a kitchen island, and a walk-in pantry. Upstairs, you'll find four well-maintained bedrooms and a convenient laundry room. The primary suite has a double door entry and a recently updated ensuite bathroom with a soaking tub, a tiled shower, dual sinks, and a large walk-in closet. Outside, the backyard is a true oasis, complete with two sheds, two pergolas, and the front driveway has a paver walkway leading to a large, paved pad behind the RV gate to the service door. The rest of the backyard is comfortable year-round boasting an expansive covered patio with two ceiling fans and built-in speakers, a refreshing pool recently resurfaced with pebble tec, and lush grass areas. Plus solar panels! This home is stunning, do not miss out! Seville offers its residents the opportunity to join a private golf and country club which has resort style pool, exercise facility, and a clubhouse.

View Property

7717 E Black Rock Road Scottsdale, AZ 85255

$875,000

4 Beds

2 Baths

2,129 SqFt

Status Active

MLS # 6733765

Property Type Single Family Residence

Price Type --

This fantastic 4br/2ba North Scottsdale home is nestled in a secure, gated community, offering both tranquility & privacy. The beautiful kitchen features granite countertops, SS appliances & ample storage! The kitchen is open to the family room which makes it perfect for gatherings & everyday living. The Primary Bedroom, generous in size, provides a comfortable retreat. Lovely landscaped backyard which includes an RV gate, low-maintenance turf & beautiful patio that extends the length of the home! AC unit is only 2 years old! This wonderful home has ample storage, a 3-car garage, water softening & purification systems and recently had all new insulation blown in. It's close in proximity to hiking trails, restaurants, shopping & easy access to the 101 freeway. A DEFINITE MUST SEE!!

View Property

10314 E Morning Star Drive Scottsdale, AZ 85255

$875,000

4 Beds

2 Baths

1,817 SqFt

Status Active

MLS # 6733791

Property Type Single Family Residence

Price Type --

Step into your dream home! This fully remodeled, turnkey masterpiece will take your breath away. With 3 spacious bedrooms, an office, and 2 luxurious bathrooms, this modern residence boasts an open, inviting great room layout perfect for entertaining. Marvel at the soaring vaulted ceilings with custom beams, the elegance of Italian hardwood floors, and the sleek contemporary cabinetry paired with waterfall quartz countertops. The master suite is a true retreat, featuring a custom closet and an open, airy bathroom complete with a sumptuous tub. Recent upgrades include a brand-new A/C system, windows, and roof, ensuring comfort and peace of mind. The low-maintenance backyard is an entertainer's paradise, with an extended travertine patio and a putting green, ideal for hosting friends and family. Enjoy breathtaking sunset and mountain views, and take advantage of the nearby community pool, hiking trails, pickleball courts, playgrounds, shopping, and dining. This exceptional home is a rare find - don't miss your chance to make it yours!

View Property