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

6518 W Bent Tree Drive Phoenix, AZ 85083

$625,000

4 Beds

3 Baths

3,152 SqFt

Status Active

MLS # 6743569

Property Type Single Family Residence

Price Type --

Picture-perfect sunsets from your new home! This large 4 bed/3 bath plus loft is located in a quiet neighborhood w/picturesque views. Lovely curb appeal w/stone accents & front porch. Spacious living areas excellent for hosting & entertaining guests. Upgrades include new interior paint, a gas fireplace, new lighting throughout, & a new water heater. The gourmet kitchen is equipped with an electric cooktop, a wall oven, granite counters, rich wood cabinetry, & an island w/a breakfast bar. Main suite upstairs has a full ensuite, a walk-in closet, & a private balcony w/mountain views. Don't miss the spacious 3-car garage! The vast backyard provides a covered patio & a firepit. Hiking trails right down the street. Backyard ready for your dream pool design! See rendering photos for inspiration

View Property

10441 E Cinnabar Avenue Scottsdale, AZ 85258

$625,000

3 Beds

2.5 Baths

2,000 SqFt

Status Active

MLS # 6752750

Property Type Single Family Residence

Price Type --

** TWO MASTER SUITES ** NEW FLOORING ** CUSTOM SHUTTERS ** This meticulously maintained single level patio home in the heart of Scottsdale Ranch 55+ adult community has everything you need. It is equipped with 2 master suites, each with spacious bathrooms that have walk-in showers (one with an independent soaking tub), and a third bedroom and half guest bath. Is closet space important to you? Get ready because one of the master suites comes equipped with FIVE closets! The vaulted ceilings host a sky light that fills the home with natural light! Your kitchen comes with stainless steel appliances and rich wood cabinetry. Storage is plentiful with built in cabinets in both the expansive laundry room & 2 car garage! The roof is just 8 years young, and the carpet was replaced in July of 2024. This home is all one level with no interior steps. Take a stroll through the community while you are here to experience all that Scottsdale Ranch has to offer! From the heated community pool & spa, to the tennis courts & racket ball club. From the gorgeous lakes to the breathtaking parks. From the golf club to the clubhouse activities. There is no shortage of things to do, people to meet, and places to see here at Scottsdale Ranch!

View Property

1400 E Bethany Home Road Unit 19 Phoenix, AZ 85014

$625,000

2 Beds

2.5 Baths

1,914 SqFt

Status Active Under Contract

MLS # 6715607

Property Type Townhouse

Price Type --

MUST SEE this impeccable Phoenix Townhome in Vibrant Uptown neighborhood! Fall in love with breathtaking views of Camelback Mountain and Downtown city lights from the rooftop deck and spectacular views from main living room and owner's suite. 2 bedrooms, each with a private bath + a very spacious office/den on the 1st floor. Inspired by Frank Lloyd Wright, The Mason community was developed by Liv URBN, which is known for urban lifestyle filled with authenticity, quality materials, artful design and connecting to the greater community. Lavish windows make this home light and bright allowing spectacular views of Downtown Phoenix, Camelback Mountain and Piestewa Peak. Another posh highlight about unit 19 is that it is an end unit, making it more private and opening up endless views! Enjoy chilly nights in the heated pool with plenty of seating around the barbecue grill and outdoor kitchen. Highly upgraded SS Bosch appliances including refrigerator, Farmhouse sink, Quartz Counters, dual AC, luxury wood look vinyl and 2 car garage. Talk about location location location, this is it! Minutes from the best local spots in town including Luci's Market, The Genuine, Zipp's, The Hideaway, Rosie's, Blue Water Grill, Aftermath, Richardson's and much more! Also very convenient to the 51 Frwy and the Dreamy Draw path!

View Property

43871 E Cadillac Wash Road Tucson, AZ 85739

$625,000

3 Beds

3 Baths

2,894 SqFt

Status Active

MLS # 6750532

Property Type Single Family Residence

Price Type --

CHARACTER, PRIVACY, VIEWS!! This spectacular single-story home, set on an expansive 6.58 acre lot that offers the ultimate sanctuary and space. The desirable interior features high ceilings, expansive windows, tons of wood craftsmanship, including stained solid wood doors, stylish tile and hardwood flooring that flows effortlessly throughout. The open floor plan offers entertaining in style including the charming dining room with cozy fireplace, setting the perfect ambiance for everyday enjoyment. The stunning kitchen is a chef's dream, boasting durable stained concrete countertops, stainless-steel appliances, electric cooktop, double wall ovens, spacious island/breakfast bar with extra storage. Every detail, has been carefully curated, from the recessed lighting, travertine tile backsplash to the striking stone walls and hand crafted wood cabinetry. The primary suite is a true luxury retreat, offering ensuite master bath with air jetted soaking tub, comfortable sitting area and a spacious walk-in closet. Step outside to your expansive backyard, where a large covered patio provides the perfect space for outdoor dining and relaxation. Enjoy the hot tub spa, low-maintenance artificial turf, natural desert landscape with surrounding mountain view's and beautiful sunsets. A detached workshop and extra storage room complete this exceptional property. Lots of room to grow! Low property taxes and NO HOA. Make this gem yours today!

View Property

8537 E Jackrabbit Road Scottsdale, AZ 85250

$625,000

3 Beds

2 Baths

1,520 SqFt

Status Active

MLS # 6751481

Property Type Single Family Residence

Price Type --

This desirably located 3 bedroom, 2 bath home in the heart of Scottsdale is close to everything - Chaparral Park, Old Town Scottsdale, Fashion Square, Spring training facilities, Talking Stick Resort, Arizona Boardwalk and more. AC replaced in 2023, this home features an open floorpan, dual pane windows, and white wood shutters throughout. Kitchen is large enough to entertain and living room features a welcoming fireplace. The spacious backyard is large enough for a pool or bbq! It currently features a RV gate, enclosed Arizona room and storage shed.

View Property

4257 E County Down Drive Chandler, AZ 85249

$625,000

5 Beds

3 Baths

2,376 SqFt

Status Active

MLS # 6771098

Property Type Single Family Residence

Price Type --

It's a Beauty! Spectacular T.W. Lewis designed 5 FULL Bedroom/ 3 FULL Bath single level home on corner lot in Chandler's highly soughtafter community, Sun Groves. You'll love this split floor plan model with two master suites-perfect for the extended family. Kitchen boasts lovely white quartz countertops w/complimentary cabinets (including a coffee bar!), stainless steel appliances, pantry and island. Large dining space. Oversized primary suite with separate tub & shower, walk-in closet and private exit to Entertainer's Dream backyard. Cool off in your sparkling play pool and enjoy starlight evenings in spacious 10x10 Gazebo. Parking galore with extended driveway pavers plus RV gate opens to 42'x16' concrete pad.. bring your toys! Awesome Mustang Park is right across the street! WOW! Mustang Park offers a picturesque setting for walkers and runners alike. With its well-maintained trails and scenic surroundings, the park is an ideal location for outdoor activity enthusiasts. Whether you enjoy walking, running, or engaging in various sports activities, Mustang Park has something to offer for everyone. The park features essential amenities such as leisure playgrounds and shelters, providing a comfortable and enjoyable experience for visitors. Additionally, sports facilities including basketball and beach volleyball courts are available, catering to those looking for more active pursuits. If you are looking for a place to engage in walking, running, or other outdoor activities, Mustang Park in Chandler is the perfect destination to enjoy a fulfilling and rejuvenating experience.

View Property

44025 N 44th Lane New River, AZ 85087

$625,000

4 Beds

3 Baths

2,823 SqFt

Status Active

MLS # 6753711

Property Type Single Family Residence

Price Type --

SOLAR to be PAID OFF at COE, and already accruing credits! This exceptional 4 BR, 3 BA single-level home in a cul-de-sac corner lot with 2 Master Suites, each with en-suite baths, walk-in closets, and outside access. Features include a large kitchen with breakfast bar, nook, island, desk, and stainless appliances. Enjoy high ceilings, a split floor plan, and a private backyard with a covered patio, sitting area with gas fire pit, and new turf play area. Built with efficient 2x6 construction, low-E windows, 2 newer AC units and Solar Panels to keep your electric bill even lower.. Recent updates include a new water heater, dishwasher, disposal, RO system, and garage door. Close to I-17, shopping, restaurants, and Anthem Community Center with fitness, pool, tennis, and waterpark amenities.

View Property

7030 N 12th Street Phoenix, AZ 85020

$625,000

4 Beds

2 Baths

1,688 SqFt

Status Active

MLS # 6753596

Property Type Single Family Residence

Price Type --

Welcome home! This charming 4-bed, 2-bath residence offers a gated carport for secure parking, a convenient RV gate, ample driveway space, and an inviting front porch. Discover a welcoming living room with vaulted ceilings, a soothing palette, blinds, and stylish wood-look flooring. Enjoy cozy evenings in the family room, which is perfect for relaxing with loved ones. The delightful kitchen comes with granite counters, abundant white cabinetry, a mosaic tile backsplash, pendant/recessed lighting, stainless steel appliances, a pantry, and an island with a breakfast bar. The main bedroom offers a private bathroom for added comfort. Venture outside to a backyard, complete with a covered patio, storage sheds, well-laid pavers, and a warn firepit for gatherings under the stars. Make it yours!

View Property

1743 W Butler Drive Phoenix, AZ 85021

$625,000

4 Beds

2 Baths

2,373 SqFt

Status Active Under Contract

MLS # 6596025

Property Type Single Family Residence

Price Type --

Nestled in the highly sought-after school district and Royal Palms neighborhood- this property boasts immense potential,. The lot provides plenty of room for outdoor activities with the possibility of expanding the living space in the future.There is an Electric RV gate at the front of the property. The surrounding community offers quick access to downtown , phoenix eateries and entertainment. This property has an expansive lot, inviting pool, and potential to craft the home of your dreams.

View Property

2078 E Donner Drive Tempe, AZ 85282

$625,000

4 Beds

2 Baths

2,005 SqFt

Status Active

MLS # 6755620

Property Type Single Family Residence

Price Type --

Welcome to this beautifully renovated 4-bedroom, 2-bath home, upgraded from top to bottom. Nestled on a spacious lot with an RV gate, this home boasts a brand-new air conditioner (installed in October 2024) and an energy-efficient foam roof, which lasts longer than traditional shingles and helps lower energy bills. The backyard features fresh landscaping with a new irrigation system and updated plumbing for the pool. Step inside to discover a fully remodeled living area with soaring 9-foot ceilings and an open-concept floor plan. The kitchen and living room have been completely transformed, featuring brand-new appliances, stylish vanities, luxury vinyl plank flooring, and modern countertops. With a 2-car garage and no HOA, this home is the perfect blend of comfort and convenience. The newer foam roof lasts longer and provides excellent insulation. Best of all, there's no HOA! Located just minutes from ASU, major freeways, and an array of restaurants and shopping. Make this well-designed gem yours now!

View Property

1161 N Cole Drive Gilbert, AZ 85234

$625,000

4 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6758696

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom home in the highly desirable Carol Rae Ranch Community! With fantastic curb appeal, a NEW ROOF and NEW HVAC this home is sure to impress from the moment you arrive. Inside, you'll find a spacious, open layout featuring new wood-look tile flooring throughout, new plush carpet in all the right places, and new paint. The kitchen is a chef's delight with granite countertops and plenty of space for entertaining. Enjoy comfort for the entire family with a split floor plan and generous sized rooms. The outdoor space is a true retreat, featuring a lush green yard perfect for relaxing or hosting gatherings. Plus, with only one neighboring home on the side, you'll enjoy extra privacy! Located in a community with parks, walking trails, and more, this home is the perfect blend of comfort, convenience, and charm. Don't miss your chance to call this treasure your own!

View Property

25621 W Patton Road Wittmann, AZ 85361

$625,000

3 Beds

2 Baths

1,613 SqFt

Status Active

MLS # 6760577

Property Type Single Family Residence

Price Type --

Welcome to 25621 W Patton Rd, a stunning property nestled in the serene landscape of Wittmann, AZ. This charming home offers a perfect blend of comfort and style, ideal for those seeking a peaceful retreat while remaining conveniently close to urban amenities. Featuring 3 bedrooms and 2 bathrooms, the spacious layout provides ample room for family and guests. The bright and airy kitchen is equipped with stainless steel appliances, granite countertops and opens into a cozy living area, perfect for entertaining. Step outside to discover a vast backyard complete with a covered patio, ideal for relaxing evenings under the stars or hosting weekend barbecues. Surrounded by stunning desert landscapes, you'll enjoy breathtaking sunsets and the tranquility of country living, all while being just minutes from downtown Surprise, 1.8 miles to 4D Arena, 20 minutes to Dunns, 25 minutes to Wickenburg, 10 minutes to Horns and Hooves in Morristown, 30-40 minutes to Buckeye. This property is more than just a house; it's a lifestyle. Whether you're looking to unwind in your private oasis or host friends and family, this home has everything you need and more. Don't miss your chance to own this desert gem and experience the charm of Wittmann living firsthand with a turnkey property ready for you! A beautiful horse property in the heart of the roping capital of the world. Great place for winter visitors, boarding, ropers and barrel racers. This property is location makes it a possible income potential. This 1.27 acre property features a riding area for barrel pattern, 4 15X15 stalls in mare motel, 3 rv hookups Covered back patio with plenty of room to add more stalls!

View Property