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

20933 N 70th Drive Glendale, AZ 85308

$624,900

2 Beds

2.5 Baths

1,731 SqFt

Status Active

MLS # 6765349

Property Type Single Family Residence

Price Type --

This meticulously maintained property in the gated community of Palomino in Arrowhead Ranch features 2 spacious bedrooms, both ensuite + a versatile office space, large kitchen and great room with a cozy gas fireplace. Relax year-round in your private heated spool (spa+pool) and enjoy the serene atmosphere of the Arizona sunsets. In addition to its prime location, this community boasts stunning lakes, offering a peaceful and scenic environment perfect for evening strolls. Conveniently located near restaurants, shopping, and major freeways, this home provides easy access to all the amenities you need, including hiking & biking trails for outdoor enthusiasts. Experience the best of Arizona living in this highly sought-after lake community in this perfect lock & leave or full time residence.

View Property

2055 W Edgemont Avenue Phoenix, AZ 85009

$624,900

3 Beds

2 Baths

2,061 SqFt

Status Active

MLS # 6764540

Property Type Single Family Residence

Price Type --

Exquisitely updated 3 bedroom 2 bathroom private gated backyard and garage access corner lot. beautiful timeless finishes and well maintained property., no maintenance backyard with artificial turn and putting green

View Property

12810 S 209th Lane Buckeye, AZ 85326

New

$624,900

4 Beds

2 Baths

1,983 SqFt

Status Active

MLS # 6778549

Property Type Single Family Residence

Price Type --

What a home! Very well kept 2017 home on 1 ac of ready to bring the horses & toys fenced property! Interior updates include large rooms, kitchen has bay window, R/O, granite counters & island, ceiling fans throughout, newer carpet & blinds, and surround sound wiring in the living room & patio. Exterior security doors, property has large top rail pipe fencing, extended covered back patio & sparkling newer play pool with beautiful travertine & water feature. Patio area has a grass area with timed sprinklers, large 3 car garage with water softener. Horse arena and open-air shade structure with 5 covered horse pens & room for hay, RV & trailer parking & 3 RV gates & 50 amp RV plug. This home is a horse lovers dream! Riding trails are less than 1/2 mile away! Don't miss this gem

View Property

3116 W Vista Bonita Drive Phoenix, AZ 85027

$624,900

3 Beds

2 Baths

1,961 SqFt

Status Active Under Contract

MLS # 6771054

Property Type Single Family Residence

Price Type --

This beautiful 3-bedroom, 2-bathroom home has OWNED SOLAR and sits on a spacious lot with stunning mountain views! The home features vaulted ceilings, large dual-pane windows, tile flooring, and plush carpet throughout, creating a bright and welcoming atmosphere. The family room features a cozy gas fireplace. The kitchen boasts granite countertops, a pantry, formal dining area, and an island with a breakfast bar. The primary suite includes a walk-in closet and a full ensuite bathroom. Outside, enjoy a covered patio that overlooks a beautifully landscaped backyard with lush grass, vibrant flowering plants, and trees, plus a private play pool with a water feature. The 2-car garage and RV gate complete this fantastic home!

View Property

6738 E Coronado Road Scottsdale, AZ 85257

$624,900

3 Beds

2 Baths

1,619 SqFt

Status Active

MLS # 6707155

Property Type Single Family Residence

Price Type --

Brand new neutral LVP flooring throughout! Warm, welcoming home in Historic Village Grove, with no HOA! Plantation shutters & high ceilings. Family room offers easy access to the backyard, perfect for entertaining. Charming kitchen featuring oak wood cabinets, stainless steel appliances, a breakfast bar, and granite countertops. Main bedroom is open and bright. Fresh paint inside and out! Perfectly sized backyard with relaxing covered patio and refreshing diving pool. Mature shade trees out front, in desired neighborhood. Many nearby attractions: Desert Botanical Gardens, Papago Mountain, Phoenix Zoo, Spring Training, Fashion Square Mall, incredible golf courses, 5-star restaurants, parks, walking paths, hiking trails, and only 2.5 miles from Old Town Scottsdale's nightlife! Must see!

View Property

23625 N Bridle Way Florence, AZ 85132

$624,900

4 Beds

2.5 Baths

2,556 SqFt

Status Active

MLS # 6715194

Property Type Single Family Residence

Price Type --

Step into this breathtaking semi-custom home situated on a sprawling 1-acre lot with horse privileges and an impressive 30'W x 48'L shop, ideally located in a sought-after NO HOA community. Boasting 4 bedrooms and 2 ½ baths, this residence exudes elegance with its vaulted ceilings, inviting fireplace, and a generous open concept living/dining area adorned with plantation shutters. The expansive gourmet kitchen is a culinary masterpiece, featuring white cabinets, stunning black blizzard granite countertops, a pantry, and a spectator bar with seating. Sleek black fingerprint-resistant stainless steel appliances and ambient under-cabinet and over-cabinet lighting complete the kitchen's allure. Two luxurious primary bedroom suites offer comfort and space, while one suite features features an oversized ceiling fan for added relaxation. A dedicated laundry room includes a front-load washer and dryer for convenience. Outdoors, indulge in the 12' x 67' covered patio and an extended 3-car garage with on-slab parking for 6+ vehicles. Enjoy year-round comfort with sunscreens, security doors, and ceiling fans throughout. For seamless outdoor entertaining, discover a detached 28' x 20' covered patio equipped with a built-in BBQ grill, sink, and refrigerator. Access to the property is secured by two sets of double gates and a walk gate from the street, with an additional walk gate along the back fence leading to a natural wash bordered by lush foliage, ensuring unparalleled privacy. This remarkable property epitomizes space, privacy, and convenience in a desirable community without HOA restrictions. Don't miss this extraordinary opportunity!

View Property

8638 E Palm Lane Scottsdale, AZ 85257

$624,900

3 Beds

2 Baths

1,470 SqFt

Status Active

MLS # 6737598

Property Type Single Family Residence

Price Type --

Freshly updated and just a short drive to Old Town. Large open floor plan. The Farm House Modern style immediately makes you feel at home. Kitchen and laundry room appliances come included. Large pool surrounded by grass. Automatic irrigation. No HOA. Currently has tenants in place for the next 7 months, they are open to continuing lease or ending the lease early as well for an owner/ occupant buyer.

View Property

4690 Sidekick Drive Wickenburg, AZ 85390

$624,900

2 Beds

2.5 Baths

2,080 SqFt

Status Active

MLS # 6748703

Property Type Single Family Residence

Price Type --

Nestled in picturesque Wickenburg Ranch, on a corner lot, this exquisite home offers a perfect blend of modern amenities and serene desert living, with an open floor plan; featuring 2 spacious bedrooms, 2.5 well-appointed bathrooms, with sizeable den/office space. The upgraded kitchen has a large island with ample seating, state-of-the-art appliances, and extended counter space and cabinets. Custom shutters adorn the windows providing both privacy and an elegant touch to the home's interior. Indoor outdoor stereo speakers. A fully fenced yard where the backyard is perfect for both relaxation and entertaining with beautiful desert landscaping and a sparkling pool to create a tranquil retreat. This home is a true gem in Wickenburg Ranch, offering a lifestyle of comfort, convenience

View Property

882 N 87th Place Scottsdale, AZ 85257

$624,900

4 Beds

2 Baths

1,628 SqFt

Status Active

MLS # 6750196

Property Type Single Family Residence

Price Type --

Welcome home! This gorgeous 4 bedroom, 2 bath Scottsdale home is move-in ready! Some of the many upgrades have included a beautifully remodeled kitchen with quartz countertops, refinished cabinets, new sink, and new appliances. Both bathrooms have also been stylishly upgraded with luxury vinyl plank floors, refinished cabinets, quartz countertops, new sink and faucets and huge walk-in shower in primary. Also, a stunning complete overhaul of the backyard including new patio cover, travertine tiles, turf, pavers, and a new pool pump and light for the sparkling Pebble-tec pool with waterfall! Too many other upgrades to name! All of this on a large corner lot and in an amazing Scottsdale location that's close to Old Town, Tempe Town Lake, ASU, shopping, and freeways!

View Property

1002 E Pierson Street Phoenix, AZ 85014

$624,900

4 Beds

3 Baths

1,631 SqFt

Status Active

MLS # 6751474

Property Type Single Family Residence

Price Type --

MAIN HOUSE 3 bedroom/2 bath. GUEST HOUSE 1 bedroom/1 bath with a seperate entrance and backyard. The MAIN HOUSE and the GUEST HOUSE are on seperate water meters and electric meters. You'll love the delightful interior of MAIN HOUSE enhanced with soothing paint tones, ceiling fans, beautiful wood-style flooring, & recessed lighting. The impeccable kitchen has sleek SS appliances, captivating quartz counters, matte black wood cabinetry, & a peninsula w/breakfast bar. Primary bedroom offers an immaculate ensuite w/dual sinks, a step-in glass shower, & a walk-in closet. . Take advantage of the updated GUEST HOUSE comes with a sizable living/dining room, a kitchenette, a bedroom, & a bathroom. Out the back, you have a covered patio & a pergola, which are excellent for relaxation.

View Property

18607 W Oregon Avenue Litchfield Park, AZ 85340

$624,900

4 Beds

2.5 Baths

2,691 SqFt

Status Active

MLS # 6762312

Property Type Single Family Residence

Price Type --

****SELLER OFFERING $10,000 SELLER CONCESSION, WITH ACCEPTED OFFER***** This impressive single-level home in Litchfield Park boasts 2,691 square feet of living space on an expansive 11,051 square foot lot. Featuring a split floor plan with four oversized bedrooms, each with large walk-in closets, and 2.5 bathrooms. The home is designed for both comfort and functionality with vaulted ceilings and custom window treatments. The massive primary suite includes a remodeled bathroom with a stand-alone tub and a spacious walk-in closet. The 3-car tandem garage has vaulted ceilings for extra storage, plus added electrical outlets perfect for welders and power tools. An oversized RV gate provides paved RV parking with a power connection, ideal for boats, RVs, and UTVs. The remodeled gourmet kitchen is equipped with granite countertops and a large walk-in pantry. The backyard offers an extended patio, mature landscaping and a large storage shed. With close access to the 303 and I-10 freeways, this meticulously maintained home combines convenience with exceptional features for everyday living. Check this one out today!

View Property

10060 E Tumbleweed Avenue Mesa, AZ 85212

$624,900

3 Beds

2 Baths

1,953 SqFt

Status Active

MLS # 6762798

Property Type Single Family Residence

Price Type --

Popular London Model with 2 bed /2 bath, den, & stunning pool/backyard! One of the most extensive upgraded homes in Encore at Eastmark. High end 24x24 porcelain tile throughout home. Upgraded kitchen package with extended upper & lower cabinets. Upgraded tone toned quartz on island, countertops, and backsplash. No culture marble showers here! High end upgraded bathrooms with tile surrounds to ceiling, deco band, niche, and large sitting bench in oversized walk-in shower. Refreshed Kool deck and 2-stage pool pump in 2022. New exterior paint in 2024. Enormous multi slide back yard patio door with retractable screen. Extended covered patio with semi-custom BBQ grill/Firepit, and bar. Custom blinds in primary room, high end security screen door, as well as ring doorbell/cameras. LOOK see Custom cabinetry in the garage, spacious laundry, and mudroom. Amenities galore in Encore to keep you entertained year-round. A major appeal of this 55+ community is its luxurious clubhouse that offers residents a rich lineup of exclusive indoor and outdoor resort-style amenities for a vibrant and active lifestyle. The 15,000 square-foot Encore Club is the central hub of physical activity and social recreation. It features state-of-the-art facilities such as a fitness center with weights, a cardio room, as well as an aerobics and dance studio where residents can stay in shape without paying expensive gym membership fees. Homeowners can freshen up in the locker rooms and then meet up with friends in the internet café, billiards, or banquet room for some fun. The Encore Club also has a classroom, arts and crafts studio, and library, which is perfect for residents who want to learn or explore a new hobby. They can swim laps in the resort-style pool or relax in the adjacent spa. Residents who want more recreation or a challenging game can play on one of the sports courts provided, including tennis, pickleball, and bocce ball. An event lawn is the perfect place to attend a social function, and the playground is a great spot to spend time with the grandkids when they come to visit. The community is surrounded with parks and natural space as well as miles of meandering walking and biking trails that are ideal for leisurely strolls or brisk jogs. With so many top-notch amenities, residents are sure to stay busy and active throughout the week. In addition to these world-class amenities, the Encore Club also hosts a full calendar of social events, fitness classes, daily activities, social clubs, and special interest groups. An on-site activities director is also available to help plan, organize, and develop new activities, hobbies, trips, and events that allow residents of the community to explore new interests and bond with other like-minded adults. Encore at Eastmark is an active adult community that promotes a vibrant and welcoming lifestyle that retirees will love in Mesa, Arizona.

View Property