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

2101 N 25th Place Phoenix, AZ 85008

New

$749,000

3 Beds

2 Baths

1,657 SqFt

Status Active

MLS # 6783056

Property Type Single Family Residence

Price Type --

Do you dream of having a home so inviting, so luxurious, so tranquil, that you never want to leave? Welcome to this gem in the heart of Phoenix, updated with a modern flair including wooden beams and a unique draped vaulted ceiling that makes seeing believing. Extravagant upgrades, custom tiles, and open concepts make this light bright home a designer's masterpiece. No detail was overlooked from one of kind doors & fixtures, to adding gas lines, turf, rocks, & pavers. Paradise awaits in the resort style backyard. Enjoy days into nights with your heated salt water pool with high speed jets, gazebo and custom built in fire pit, patio entertainment area with TV and floating bed. Or enjoy a drink in your side yard with egg floating chairs. Also perfect as an investment property! COME SEE

View Property

4430 N 22nd Street Unit 19 Phoenix, AZ 85016

$749,000

3 Beds

2.5 Baths

2,433 SqFt

Status Active Under Contract

MLS # 6755037

Property Type Townhouse

Price Type --

Step into your perfect home in one of the city's most coveted neighborhoods. This sophisticated 3-bedroom plus den, 2.5-bathroom residence offers an expansive, open-concept layout that exudes both style and functionality. Enjoy the luxury of 11-foot ceilings and an abundance of natural light that creates a bright and airy atmosphere throughout. Each oversized bedroom features spacious walk-in closets, while the master suite is a true retreat with its elegant fireplace and spa-like bathroom, complete with a large walk-in shower and tub. Located just moments from the high-end shops and dining at Biltmore Fashion Park, this home combines modern luxury with unbeatable convenience. Embrace a lifestyle of elegance and ease in this stunning, upscale community.

View Property

5402 E Michelle Drive Scottsdale, AZ 85254

$749,000

3 Beds

2 Baths

2,001 SqFt

Status Active Under Contract

MLS # 6779393

Property Type Single Family Residence

Price Type --

Fantastic home in a desirable Scottsdale location! Offering 3 beds, 2 baths, manicured landscape, & a 2-car garage w/cabinets. New AC in 2022. The inviting interior features tons of natural light, tile & soft carpet thru/out, & vaulted ceilings. Popular living & dining room combo and separate family room w/fireplace! The open-concept kitchen boasts SS appliances, granite counters, ample wood cabinetry, a bay window, & a center island. Enter the main bedroom to find sliding doors to the back and an ensuite with dual sinks, separate tub/shower, & a walk-in closet. 3rd bedroom has built-in desks & cabinets making it a great office. It's time to unwind while enjoying a BBQ under the covered patio, overlooking the lush lawn! NO HOA, NO neighbors behind! Move-in ready!!

View Property

230 N Wild Oak Drive Payson, AZ 85541

$749,000

2 Beds

3 Baths

2,675 SqFt

Status Active

MLS # 6778894

Property Type Single Family Residence

Price Type --

RARE FIND! Gorgeous custom 2 bedroom, 3 bath home which also includes a loft & basement. The 100% finished basement has the versatility to function as a Rec-Room, Family Room, Office or Man Cave & includes a full bath. Stunning views from the floor-to-ceiling windows & wrap around decks highlight this one acre woodland paradise. Oversized attached garage, wood floors & granite countertops are just a few of the many upgrades. Newer efficient central A/C unit. Large rooms & an open floorplan create a nice flow. Furniture in house is negotiable. This charming residence is located in desirable Collins Ranch. Wonderful year round or seasonal home in the cool pines is perfect for creating new memories. Welcome to your new home!

View Property

2321 N 30th Street Phoenix, AZ 85008

New

$749,000

5 Beds

2.5 Baths

3,420 SqFt

Status Active

MLS # 6783045

Property Type Single Family Residence

Price Type --

Priced to Sell! Investors Welcome! Discover a rare investment opportunity in the highly desirable Camelback East neighborhood near Arcadia, situated between McClintock and Thomas Roads. This beautifully renovated 5-bedroom, 2.5-bathroom home is priced to move. Originally built in 1952 and fully upgraded in early 2024, this property blends classic mid-century charm with modern comforts. The home features bright, spacious living areas, brand-new appliances, and large bedrooms with stylishly updated bathrooms, making it as functional as it is beautiful. Natural light floods the home through an abundance of windows, offering incredible views of the surrounding landscapes. Enjoy a prime location minutes from Downtown Phoenix, Sky Harbor Airport, and Old Town Scottsdale, with convenient access to ASU Tempe, major hospitals, and the city's best amenities. Public transportation and major freeway access make commuting a breeze, adding to the property's appeal. Perfect for investors or buyers looking for a move-in ready home in an up-and-coming neighborhood, this property provides exceptional value in one of Phoenix's most sought-after areas. Don't miss this below market gem, call today!

View Property

306 N Virginia Street Prescott, AZ 86301

$749,000

5 Beds

3 Baths

2,247 SqFt

Status Active

MLS # 6567356

Property Type Single Family Residence

Price Type --

Property features 2 homes!!! Charming updated single level home in the Iconic historic area of Prescott and Walking distance to Whiskey Row. Main residence has 3 bedrooms 2 full bathrooms, spacious kitchen plus a sitting room/ den. A lovely front porch and gated and fenced front yard with 3 parking spaces The guest home features two bedrooms, a kitchen and a full bathroom. Current garage was converted to a large home office but would work great as an additional living space, man cave or easily could convert to a studio apartment. The possibilities are endless and this could be a two unit income producing short term rental.

View Property

7227 E Texas Ebony Drive Gold Canyon, AZ 85118

$749,000

3 Beds

2 Baths

2,278 SqFt

Status Active

MLS # 6628879

Property Type Single Family Residence

Price Type --

If You're Looking For A Customized & Redone Bradshaw Model, Look No Further! GORGEOUS & Totally Updated & Upgraded Like New Customized Bradshaw Model Features Newer Roof, Heating & Cooling, Kitchen w/Custom Cabinets, Stone Slab Counters, SS Appliances, Sink Faucet & Island, Baths w/Custom Walk-In Showers, Vanities & More! Ceramic Plank Flooring, Custom Lighting, Upgraded Fans, Fixtures & Hardware, Newer Paint Inside & Out, Custom Window Treatments, Recessed Electric Fireplace & Recessed Oversized TV & The List Goes On! PREMIUM South Facing Golf Course Location For Winter Sun & STUNNING Sunsets, Extended 2 1/2 Garage, Lush Landscaping & More! Move In & Enjoy!

View Property

17662 E Chevelon Canyon Circle Rio Verde, AZ 85263

$749,000

3 Beds

2 Baths

1,679 SqFt

Status Active

MLS # 6753902

Property Type Twin Home

Price Type --

Indulge in breathtaking Mountain and Desert Views from your expansive covered patio in this stunning Resort Collection home featuring 3 spacious bedrooms and 2.5 baths. Nestled in the heart of Trilogy at Verde River, you can walk to the club house. The gourmet kitchen boasts GE Monogram appliances, upgraded cabinets, a wrap-around island with granite counter, and reverse osmosis for pure water. The great room with a 15' sliding patio door opens to the extended patio with firepit and fountain on a larger lot that is adjacent to the desert. The master suite offers a luxurious tiled bath, extended walk-in closet, linen cabinet, custom mirror, and granite counters. Plantation shutters, wood floors and 5'' baseboards throughout. Other upgrades include water softener, UV protected windows, motorized sun shade, floor to ceiling tile in guest bath, custom mirrors in baths, and epoxy flooring in the garage. HOA fee covers front and backyard landscaping maintenance as well as exterior paint. Trilogy at Verde River is a Resort Style community featuring something for everyone! Tom Lehman designed golf course, tennis, pickle ball, bocce ball, heated lap pool and swimming pool, hot tub, fitness center, demonstration kitchen and a 7.5 acre dog park. The community center has casual and fine dining, luxury spa and an events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails yet close to the conveniences of affluent North Scottsdale. Live like you're on vacation!!

View Property

19674 E Strawberry Drive Queen Creek, AZ 85142

$749,000

5 Beds

4.5 Baths

4,058 SqFt

Status Active

MLS # 6725728

Property Type Single Family Residence

Price Type --

Home now priced well below appraised value from June 2024. Great location, minutes to Mansel Carter Oasis Park, Los Colinas Golf Club, Phx Gateway Airport, shopping, dining, and more. Stunning 4 bedroom home with attached casita! Welcome to your dream home! This spacious property features a beautiful 4 bedroom, 3.5 bathroom main house with a bonus attached 1 bedroom, 1 bathroom, living room, full kitchen, and 1-car garage casita - perfect for guests, craft workshop, rental opportunity, whatever you can imagine!The main home boasts ample living space, modern amenities and design, and a comfortable atmosphere for you and your loved ones. Located in the desirable, gated community of Cielo Noche, this home offers the best of both worlds - privacy & convenience.

View Property

1008 E Phoenix Street Payson, AZ 85541

$749,000

3 Beds

3 Baths

2,522 SqFt

Status Active

MLS # 6726144

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous property that offers the perfect blend of comfort and charm. This home is sure to delight, featuring 3 bedrooms and 3 bathrooms, an open floor plan and fireplace in the living area. The kitchen boasts sleek countertops and ample cabinet space, making it ideal for both everyday living and entertaining. Step outside to the beautifully landscaped yard, a tranquil oasis with mature trees, lush greenery, and a covered patio. Don't miss the opportunity to make this stunning home yours!

View Property

5719 E Muriel Drive Scottsdale, AZ 85254

$749,000

4 Beds

2 Baths

1,941 SqFt

Status Active

MLS # 6730969

Property Type Single Family Residence

Price Type --

No HOA! Discover Scottsdale's coveted 85254 Magic Zip Code with Phoenix taxes! This cul-de-sac beauty combines location and lifestyle, offering access to top-rated Paradise Valley schools. This spacious home includes a open floor plan with soaring ceilings perfect for entertaining. The kitchen showcases hardwood cabinets and stainless steel appliances, while the inviting family room centers around a Travertine fireplace and opens to a large backyard. The primary suite features dual large closets, a soaking tub, and dual vanities. Outdoors, enjoy a PRIVATE POOL, covered patio, and lush lawn on a sizable 9,000+ SQ. FT. LOT! (AC was replaced 2022). Located just a few miles from Mayo Clinic, Scottsdale Quarter and Kierland Commons! This 1,941 sq. ft. home has 4 bedrooms, 2 bathrooms, and was built in 1987. It includes a two-car garage with shelves, indoor laundry, a wood-burning fireplace, and kitchen pantry. Located in the desirable 85254 Magic Zip Code, you'll enjoy a Scottsdale address with Phoenix taxes and utilities, all within the Paradise Valley school district. The home also features north/south exposure, block wall fencing for added privacy, and is just a few miles from shopping and dining.

View Property

2219 N 74th Place Scottsdale, AZ 85257

$749,000

4 Beds

3 Baths

2,118 SqFt

Status Active

MLS # 6752913

Property Type Single Family Residence

Price Type --

Location, location, location! Discover the essence of Scottsdale living in this centrally located gem. Just minutes from spring training camps, premier golf courses, Eldorado Park, the Greenbelt Trail System, Old Town Scottsdale, Fashion Square Mall, ASU, and Sky Harbor Airport, this property offers unparalleled convenience. With no HOA fees, it's an ideal choice for short-term rentals. Recently renovated bathrooms and flooring. Don't let this one slip away!

View Property