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

10566 E Twister Avenue Mesa, AZ 85212

$715,000

4 Beds

2.5 Baths

2,520 SqFt

Status Active

MLS # 6767290

Property Type Single Family Residence

Price Type --

Spacious Athens floor boasts 4bd/2.5baths great room plan providing ample living space. The primary bdrm en-suite offers W-I shower with bench, raised vanity with dble sinks & lg W-I closet. The split floor plan allows for privacy & separation of living spaces. The kitchen boasts extended maple cabinets, a lg island, spacious W-I pantry, herringbone subway tile backsplash, SS appliances & a gas stub at the stove. Tile flooring most rooms, creating a clean & modern aesthetic. The multi-slider opens to extended covered patio & a paved patio with a gas fire pit, providing opportunities for outdoor living and entertaining. The mature landscaping, including turf, built-in BBQ island has been professionally installed, creating a well-maintained & appealing outdoor space. ....... The oversized lot offers the potential for a pool. Additionally, the home backs to a common area, offering additional privacy. Community offers pickle ball, tennis, bocci ball, a club house with workout facility & much much more!

View Property

5441 S Luiseno Boulevard Gilbert, AZ 85298

$715,000

5 Beds

3.5 Baths

3,186 SqFt

Status Active

MLS # 6769014

Property Type Single Family Residence

Price Type --

Gorgeous two-story home in the desirable Community of Bridges at Gilbert awaits new owners! This beauty flaunts a well-maintained front yard, a 3-car garage, and a private courtyard. The immaculate interior impresses you with a spacious open layout enhanced with soaring ceilings, wood-look tile flooring, pre-wired surround sound, and multi-sliders to the back patio. Stunning chef's kitchen is designed with sleek granite counters, staggered wood cabinetry with crown molding, recessed lighting, and sparkling SS appliances, including a gas cooktop, and wall ovens. A sizable island with a breakfast bar provides the ideal setting for casual dining. The versatile den is perfect for a home office or a hobby space! Discover a well-sized loft upstairs, fantastic for additional living space. Retreat to the romantic main suite, showcasing a soft carpet, a full ensuite, and a walk-in closet. The home's elegance extends outdoors to the tranquil backyard that comes with a covered patio, an exterior fireplace, and a grassy lawn. This gem will not disappoint!

View Property

10249 E Trillium - Avenue Mesa, AZ 85212

$715,000

3 Beds

2.5 Baths

2,233 SqFt

Status Active

MLS # 6771040

Property Type Single Family Residence

Price Type --

This gorgeous 3 bed, 2.5 bath home is perfectly situated on a corner lot in the coveted gated community, The Estates at Eastmark, with only ONE NEIGHBOR! That's right, no neighbors behind, no neighbors to the east and no neighbors in front. This location is ideal for those wanting privacy, comfort and convenience. What makes this lot even better? Directly across the street is an expansive green belt / park that connects to amenities galore that can be found at ''The Club''. The Club is a multi-million dollar clubhouse that features a workout facility, heated saltwater pool/spa, BBQ grilling / outdoor kitchen, entertaining areas and a playground with endless areas to run and play. If the location and community alone weren't enough to win you over you've got to step inside this incredibly designed and well thought out floor plan to fully grasp the opportunity that lies before you. Swoon over this turnkey home that is 5 years new, oozing with style and function! High ceilings, split floor plan, open concept with a massive chef's kitchen connecting to the family room and dining, 3 car garage, tons of storage, low maintenance landscaping, private pool sized lot, plentiful amenities and priced to sell.

View Property

7221 W Angela Drive Glendale, AZ 85308

$715,000

3 Beds

2 Baths

2,032 SqFt

Status Active

MLS # 6778481

Property Type Single Family Residence

Price Type --

Located in Secluded Estates on a fantastic .43 acre lot. NO HOA!!. Bring your RV, boat, work trailer, and toys. You'll be welcomed with desert landscaping and excellent curb appeal. This home has some serious charm. A cozy fireplace with decorative brick surround is a focal point in the family room. This home features formal dining, office/den, granite bathroom/laundry countertops, and a massive bonus room with it's own A/C and heat. In the kitchen, you'll notice granite countertops, stainless steel appliances, and wait until you see this spectacular backyard! Featuring a pebble tech pool, Big Gazebo, huge storage shed, double RV gates, grassy play area, several producing citrus trees and huge covered patio. Deer Valley Schools just received A rating. This home will not last long. You an enjoy the backyard under the immaculate gazebo with a freestanding fireplace. Very close to restaurants, shopping and theaters at Arrowhead Mall. Easy access to 101 freeway

View Property

9293 W Chalco Mountain Court Casa Grande, AZ 85194

$715,000

3 Beds

3.5 Baths

2,841 SqFt

Status Active

MLS # 6777752

Property Type Single Family Residence

Price Type --

This multi-gen home sits on a 1-acre corner cul-de-sac lot in Arroyo Verde Estates and offers a total of 3 bedrooms & 3.5 baths in 2841 SqFt. The casita features a living area, kitchen with white shaker-style cabinets, granite counters, electric cooktop, and stainless built-in microwave, private bedroom with walk-in closet, a separate linen/storage closet, and bath with tiled shower. The open layout of the main part of the home offers a spacious great room and formal dining area with built-in cabinets. The kitchen features an abundance of white shaker-style cabinetry, granite countertops, mosaic tile backsplash, stainless appliances, oversized island with breakfast bar and pendant lighting, casual dining area, butler's pantry, walk-in pantry, and casual dining area. Just off the kitchen is a large laundry room with matching cabinets and counters and sink. Multi-panel center-sliding doors lead out from the great room to the full-length screened in porch. The backyard is fully landscaped with block fencing and includes a person gate on one side and a side yard RV gate and storage shed on the other and picturesque mountain views. The above-ground spa conveys as is! The generously sized primary bedroom has a private exit to the patio and an en-suite bath with extended dual sink vanity, walk-in tiled shower, and walk-in closet. The secondary bedroom also has a separate exit to the patio and an en-suite bath, perfect for guests. Other features include an iron entry door, plank tile flooring throughout, powder room, blinds throughout, oversized 25-ft deep garage parking for four cars with 18-ft wide doors with one garage having an 8x9' rear door with opener as well as a person door to the back yard, stone exterior elevation, spray foam insulation, and much more!

View Property

5151 N 13th Place Unit 12 Phoenix, AZ 85014

$715,000

3 Beds

2.5 Baths

2,202 SqFt

Status Active

MLS # 6780406

Property Type Townhouse

Price Type --

Sometimes an urban townhouse comes to market that checks so many boxes it's difficult to believe that a home with this level of sophistication exists. Nirvana at Colter presents this opportunity. Centrally located just minutes from Camelback and 16th St., these townhomes represent the ultimate in luxury lock and leave living. Number 12 has tasteful, neutral finishes that should appeal to the most discerning buyer. The waterfall island with kitchen sink serves as the centerpiece of the main floor living area. Gorgeous light wood floors and stainless-steel appliances seal the upscale look. Upstairs find three bedrooms, two full bathrooms, a loft area and laundry room plus a rooftop deck! A massive walk-in pantry as well as an oversized two car garage complete the incredible list of features. All of this is just a short walk, bike or drive to The Parlor, The Gladly, Pizzeria Bianco and so much more!

View Property

20121 N 76th Street Unit 1035 Scottsdale, AZ 85255

$715,000

3 Beds

2 Baths

1,585 SqFt

Status Active

MLS # 6781615

Property Type Apartment

Price Type --

Gorgeous ground floor condo with the best location overlooking peaceful commons, and only a short walk to the pool and fitness center. Enjoy an open floor plan with a spacious living room featuring a stone-clad fireplace, and a large dining area with access to a covered patio. The home features newer wood plank flooring throughout (no carpet), baseboards, doors, hardware, and casements. Remodeled kitchen with granite waterfall counters, tile backsplash, pull-out shelves, and newer appliances. Wood shutters throughout and new sunscreens. The primary bedroom offers a large walk-in closet, updated Quartz counters, backlit mirrors, and a frameless glass shower with a bench. The guest bath features a hammered metal sink, Quartz counter, and new fixtures. Oversized laundry room.

View Property

18923 W Sierra Street Surprise, AZ 85388

$715,000

4 Beds

3 Baths

2,162 SqFt

Status Active Under Contract

MLS # 6761774

Property Type Single Family Residence

Price Type --

Pinch yourself, then pinch yourself again....now have a friend pinch you. Now that you know you aren't dreaming you can fully appreciate how Truly amazing this home actually is. At 2,162 sqft this single story Wonder is only 3 years old, offering 4 bedrooms and 3 bathrooms, nestled in one of the Top Rated communities in the City of Surprise. Key features include a Gorgeous pool w/ water feature and Baja shelf, an owned 9.2kW solar system with an average APS bill of $20/month, 3 car Tandem garage plus a 49'' RV garage, soaring 10' ceilings, upgraded flooring throughout, professionally landscaped backyard w/ BBQ stub, water softener, garage workbench, Magnificent views of the White Tank Mountains, whole home surge protection, Moen Flo Smart Water Leak Detector and Shutoff, and so much more. You will be surrounded by great views and can avoid the city noise, while being a mere 3 miles away from access to the 303, and only 3.3 miles to the new Prasada Gateway shopping center for all of your shopping, dining, and entertaining needs. Not enough, well then how about being 0.5 miles away from the new City of Surprise Aquatic Center including a recreational pool with water feature and slides, a 50-meter competitive pool with diving area, shaded stadium seating, locker rooms, concessions area, splash pads, and a group Ramada area with courts.....all to be completed Summer 2025. Better hurry, great things are coming soon!

View Property

25555 N Windy Walk Drive Unit 82 Scottsdale, AZ 85255

$715,000

2 Beds

3 Baths

1,623 SqFt

Status Active

MLS # 6781396

Property Type Townhouse

Price Type --

Skye Top at Troon-Guard Gated-In North Scottsdale. Pristine freestanding townhome. Upstairs loft is ideal for den/office/sitting room. Access upstairs balcony from primary bedroom. Primary Bathroom-Relax in the tub jacuzzi. Double vanity, walk-in closet, and shower complete the primary bathroom. Ground level outdoor rear patio is perfect for a BBQ to entertain your family/friends. Front landscaping maintenance is included. The Skye Top Community also offers a pool/spa/clubhouse. Located near upscale restaurants/shopping/golf courses.

View Property

5300 E Wolfer Drive Tucson, AZ 85739

$715,000

5 Beds

4.5 Baths

3,178 SqFt

Status Active

MLS # 6276985

Property Type Single Family Residence

Price Type --

Welcome to your own private desert sanctuary! Nestled on a sprawling 2 acre lot, this charming home on horse property offers the perfect blend of tranquility and convenience. Located in the heart of Tucson, AZ, this property is a rare find, boasting picturesque desert landscapes and modern amenities within a gated community. As you approach this Southwestern-style gem, you'll be greeted by the inviting curb appeal with a beautifully landscaped front yard and a classic adobe-style exterior. Step inside to discover a spacious and well-maintained interior that's flooded with natural light. The open-concept living and dining areas feature vaulted ceilings, creating an airy atmosphere perfect for entertaining or relaxing with family. The kitchen is a chef's dream with ample counter space, modern appliances, and a convenient area for meal prep. Enjoy your morning coffee in the cozy breakfast nook while taking in views of the surrounding desert. The master suite is a serene escape with a generous walk-in closet and an ensuite bathroom that includes a luxurious soaking tub and separate shower. Three additional bedrooms provide plenty of space for guests, a home office, or a hobby room. Outside, the expansive backyard is a true desert oasis. The covered patio is ideal for outdoor dining and entertaining, while the meticulously maintained desert landscaping ensures minimal maintenance. Right outside your back door you'll find the panoramic view of the Catalina Mountains, unlimited horseback riding trails, along with hiking and biking trails to the Coronado National Forest for those outdoor enthusiasts. This property also includes a large detached RV garage that boasts a full bathroom and workshop, offering ample space for parking and storage. The one bathroom detached guest quarters offers a full bathroom and kitchen, making it an ideal income property or a space for guests to enjoy their own privacy. Don't miss your chance to own this unique desert retreat!

View Property

2024 N Miller Road Scottsdale, AZ 85257

$715,000

4 Beds

2 Baths

2,200 SqFt

Status Active

MLS # 6701877

Property Type Single Family Residence

Price Type --

Come check out open floor plan home Pool & RV Gate. With an amazing back yard ready to entertain. This fully remodeled property. Features new roof, new windows, new flooring, new kitchen, and new restrooms. Waterfall island modern kitchen, recess lighting, new plumbing fixtures, new toilets, new ceiling fans. Home is basically new.

View Property

945 E Playa Del Norte Drive Unit 3027 Tempe, AZ 85288

$715,000

3 Beds

3 Baths

1,852 SqFt

Status Active

MLS # 6721204

Property Type Apartment

Price Type --

Discover unparalleled luxury in this ultra-exclusive, high-security condo. Few units offer such generous space, featuring dual split master suites plus a large third bedroom and full third bathroom. Each bedroom has direct access to one of two expansive patios, providing breathtaking views of the courtyard, pool, and Tempe Town Lake. Enjoy cozy evenings by one of the two fireplaces, located in the family room and on the patio. Take advantage of the large fitness facility and secure, gated parking with two parking spots included. Nestled in the heart of Tempe, this prime location offers walking distance to all amenities and direct access to the scenic path around Tempe Town Lake. Easy accessibility to trash chute and elevators. Embrace the epitome of comfort, convenience and elegance in this extraordinary residence.

View Property