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

22851 W Mark Lane Wittmann, AZ 85361

$750,000

5 Beds

3 Baths

3,155 SqFt

Status Active

MLS # 6765023

Property Type Single Family Residence

Price Type --

This stunning corner lot property offers 2 master suites in a slit floorplan perfect for hosting guests, or use as game room! 5 spacious bedrooms and a home office for today's needs. The gourmet kitchen features upgraded cabinets and ample counter space. Enjoy your private oasis with a heated pool/spa on the 1.1-acre fenced private lot and County approved plans for a 30x30 detached garage. Easy RV access with a straight pull-in driveway, and 3-car garage. NEW top of the line variable speed HVAC system! Peace away from the city and gorgeous mountain views complete this move-in-ready home.

View Property

5389 S Scott Place Chandler, AZ 85249

$750,000

5 Beds

3.5 Baths

4,015 SqFt

Status Active

MLS # 6767100

Property Type Single Family Residence

Price Type --

Offering an impressive 5 bedrooms, 3.5 baths, 2 living rooms 3 car garage, RV Gate & so much more! This remarkable property features TWO MASTER SUITES, one conveniently located on the main floor and the other upstairs—providing flexibility and comfort for all family members. The expansive loft area is truly a standout feature, providing ample space for relaxation or entertainment. Each generously sized bedroom is complemented by walk-in closets, ensuring that storage is never a concern. The well-appointed laundry room includes a large pantry, adding to the home's functionality. an incredible opportunity for those seeking a spacious and versatile living environment, all at a competitive price.

View Property

9025 N 86th Place Scottsdale, AZ 85258

$750,000

2 Beds

2 Baths

1,785 SqFt

Status Active

MLS # 6768304

Property Type Townhouse

Price Type --

*Photos coming soon* Light-filled Scottsdale townhome in desirable Sands McCormick Ranch awaits! This remodeled gem boasts 2 en-suite bedrooms with walk-in closets, vinyl flooring, and a custom bookshelf. Enjoy the eat-in kitchen, laundry room, and 2-car garage. Relax on the gated front patio or covered back patio. A detached A/C studio offers versatile space. Community amenities include a pool, tennis, and pickleball. Prime location with mountain views and easy access to shopping and dining.

View Property

17663 W Straight Arrow Lane Surprise, AZ 85387

$750,000

4 Beds

3.5 Baths

2,977 SqFt

Status Active

MLS # 6770562

Property Type Single Family Residence

Price Type --

Brand new and stunning build completed in 2022! This stunning 2 story Pearce Plan offers 4 bedrooms, including a mini-master suite room, Study and 3.5 baths. A 2 car garage and 49' air conditioned RV Garage. The gourmet kitchen boasts of a ''36'' Gas cook top, Stainless Steel ovens and microwave, matching appliances and Quartz countertops. Backyard is a clean slate!

View Property

4222 E Edgewood Avenue Mesa, AZ 85206

$750,000

3 Beds

2 Baths

1,553 SqFt

Status Active

MLS # 6769515

Property Type Single Family Residence

Price Type --

Welcome to 4222 E Edgewood Ave, a beautifully maintained 3-bedroom, 2-bathroom home nestled in one of Mesa's most desirable areas. This property sits on an expansive lot, offering ample space for all your outdoor needs. The home exudes charm and warmth, with spacious living areas and well-appointed features throughout. A standout feature of this property is the giant 40x70 workshop, perfect for anyone in need of extra space for projects, storage, or hobbies. The location is ideal, providing a peaceful setting while still being conveniently close to everything Mesa has to offer. This is a rare opportunity to own a piece of serenity in a prime location. Car lifts do not come with the property but may be negotiated.

View Property

3855 E Shannon Street Gilbert, AZ 85295

$750,000

4 Beds

3.5 Baths

3,352 SqFt

Status Active

MLS # 6777150

Property Type Single Family Residence

Price Type --

Beautiful Highly Upgraded home. Open Great Room floorplan with large dining, family room and kitchen nook. Oversized Waterfall Quartz Island Counter in kitchen with upgraded cabinetry, stainless appliances, gas cooktop with Chef Hood. Plank Tile Flooring throughout the first floor. Backyard with brick pavers, covered patio and green grass to enjoy. Master bedroom with separate Walkin shower, dual vanities, soaking tub and large Walkin closet. Large Loft area upstairs as a secondary family room with 3.5 baths and 4 full bedrooms. Custom lighting, window coverings and draperies throughout. Split 3 Car Garage with paver driveway. Beautiful Custom Iron Front door. Newer Subdivision in the heart of South Gilbert with plenty of shopping restaurants, schools and freeways nearby. This home is move in ready.

View Property

2110 S Portland Avenue Gilbert, AZ 85295

$750,000

4 Beds

2.5 Baths

2,667 SqFt

Status Active

MLS # 6774251

Property Type Single Family Residence

Price Type --

Stunning Home in a Quiet, Secluded Neighborhood. This impressive residence sits on a spacious 10,554 sqft lot, offering a fantastic location just a short walk from San Tan Mall and a variety of amazing restaurants. Step inside to discover a terrific open floor plan, featuring a dramatic entryway and a beautiful mission-style staircase that wraps around the upper level. The master suite is conveniently located downstairs, while all other bedrooms are upstairs, along with a generous loft area. Each bedroom is well-sized, and the large laundry room adds to the convenience. The eat-in kitchen and upgraded flooring enhance the home's appeal, while the 3-car garage provides ample storage. Enjoy the privacy of having no neighbors to the south or behind you! SEE MORE... The backyard oasis features lush artificial grass and a sparkling pool, all beautifully designed with plenty of pavers. Plus, there's an RV gate and parking behind the gate. Your buyers will fall in love with this exceptional home!

View Property

2718 E Bighorn Avenue Phoenix, AZ 85048

$750,000

5 Beds

3 Baths

3,254 SqFt

Status Active

MLS # 6771881

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Mountain Park Ranch! This fantastic 5 bed, 3 bath tri-level gem is now available. With a charming brick veneer facade, artificial turf front yard, and a 3-car garage, this home has it all. Enjoy the cozy front patio and step inside to find a living area with vaulted ceilings and a bay window, plus a formal dining room perfect for gatherings. The family room features a dry bar for entertaining. The kitchen is a chef's delight with painted cabinetry, tile counters, a pantry, stainless steel appliances, and an island with a breakfast bar. The primary bedroom offers a walk-in closet and a full ensuite with dual sinks. Plus, enjoy the perks of a water softener, reverse osmosis, and a smart home alarm system—all included. Don't miss this opportunity! Also including a large backyard w/a covered patio, this home is simply a dream come true! Act now before it's gone!

View Property

1644 Rupe Tank Road Williams, AZ 86046

$750,000

1 Bed

1 Bath

600 SqFt

Status Active

MLS # 6772902

Property Type Single Family Residence

Price Type --

Escape to your own secluded 10-acre homestead nestled in the heart of the woods just outside of Williams, AZ! Turn off the main forest road to drive another 1.5 miles past the gate on a well maintained private dirt road reaching your peaceful retreat to enjoy the serenity of forest life. Your property is a mix of an open meadow (fenced 3.5 acre horse run) and mature trees, providing privacy and abundant wildlife sightings. Use the onsite sawmill, welder, forklift, excavator and huge workshop to build your dream home, or enjoy the existing rustic cabin. Clear the winter snow with your provided snowcat or heavy duty truck and snowplow. Enjoy off-grid living at its finest with solar power and batteries to provide ample electricity, while being only 25 minutes to Williams or within 40 minutes to Flagstaff. This is your chance to create a nature-filled sanctuary away from the hustle and bustle. Please review the details in documents tab and pictures.

View Property

9433 E Rocky Lake Drive Sun Lakes, AZ 85248

$750,000

4 Beds

3.5 Baths

3,166 SqFt

Status Active

MLS # 6774764

Property Type Single Family Residence

Price Type --

Wow. What a great opportunity to live in beautiful Oakwood Country Club on a corner lot. This beautiful home comes with TWO gorgeous master suites downstairs. Both have walk in showers, separate soaking bathtubs, twin sinks, and private toilet area. The bright, large, eat-in kitchen allows meals to be prepared while being involved with activities in the family room. A separate office is just off the front foyer. Upstairs has two more bedrooms and another full bath. Vaulted ceilings with sky lights bring amazing, natural light into the foyer. If outdoor living is a priority, this home has a large covered patio with custom-made solar shades that drop down and snap into the stucco columns to provide privacy and protection against the sun. Furnishings are included to make this turn key.

View Property

8310 E Indian School Road Scottsdale, AZ 85251

$750,000

3 Beds

2 Baths

1,724 SqFt

Status Active Under Contract

MLS # 6771544

Property Type Single Family Residence

Price Type --

This beautifully renovated home offers a seamless blend of luxury, relaxation, and community charm. The backyard is a true showstopper—completely transformed in 2023, it features a sparkling pool, lush landscaping, and a covered patio. Step inside, and you'll find that every detail has been thoughtfully curated, from the serene steam shower and oversized soaking tub in the primary bathroom to the fresh paint and updated features throughout the home. The home is flooded with natural light, and 8-foot privacy walls in the backyard offer a sense of seclusion and tranquility, perfect for entertaining or simply spending time with family. Recent updates include fresh landscaping in both the front and back, new appliances, and updated fixtures, making this home truly move-in ready. Beyond the home, the vibrant neighborhood is full of life and community spirit. Enjoy a short walk to Chestnutt and Indian School parks, or take a 5-minute Uber to Old Town Scottsdale for dining, shopping, and nightlife. With regular neighborhood events, from movie nights in the park to the annual Halloween block party, you'll quickly feel at home in this close-knit community. With quick access to Scottsdale's greenbelt, local coffee shops, fitness studios, and some of the city's best restaurants, this location is unbeatable. Don't miss your chance to own this stunning retreat in one of Scottsdale's most desirable areas!

View Property

19372 N Coronado Ridge Drive Surprise, AZ 85387

$750,000

3 Beds

2 Baths

2,014 SqFt

Status Active

MLS # 6774017

Property Type Single Family Residence

Price Type --

Location, location! One of the BEST lots in The Grand, this 3-bed, 2-bath extended Borgata model overlooks the endless green of the 7th, 8th, & 11th holes of Cimarron Golf Course. In addition, the double fairway view looks on to the wonderful White Tank Mountains that are looking back with differing scenes all day long. The sunsets will make you swoon! Meticulously designed interior features a highly updated gourmet kitchen with stainless appliances, double ovens, cabinets that extend to the ceiling, accent lighting, and granite counters. Main retreat showcases a lovely bay window, plush carpet, an ensuite with dual sinks, a brand new walk-in shower, and large walk-in closet. Enjoy watching the sunset from the serene backyard equipped with a large covered patio and a retractable awning.

View Property