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

1775 W Green Tree Drive San Tan Valley, AZ 85144

$624,950

5 Beds

2.5 Baths

3,577 SqFt

Status Active

MLS # 6763012

Property Type Single Family Residence

Price Type --

Welcome home to this spacious 3576 sqft 2 story house with 5 bedrooms and 2.5 bathrooms. Brand new carpet and vinyl floors throughout the house. Separate living room and family room, formal dining. Kitchen with solid wood cabinets, kitchen island, brand new microwave and range. Shutters throughout the house. Huge loft upstairs. It's located next to the community park. Schools nearby. Within 30 minutes from San Tan Mountain Casino and Queen Creek Olive Mill.

View Property

16213 N 9th Place Phoenix, AZ 85022

$624,950

3 Beds

2 Baths

1,910 SqFt

Status Active Under Contract

MLS # 6745175

Property Type Single Family Residence

Price Type --

BUYER COULD NOT PERFORM-BACK ON MARKET!!! Brand new roof!! Welcome to this beautifully remodeled 3-bedroom, 2-bathroom ranch-style home at 16213 N 9th Place! Located in a peaceful cul-de-sac, this 1,910 sq. ft. home features an open concept living space with a split floor plan, hardwood floors, a custom kitchen with a large island, coffee bar, and white cabinets that complement sleek silver appliances. The dual shower bathrooms with elegant double sinks add a touch of luxury. Outside, enjoy the covered patio, oversized backyard, RV parking, and desert landscaping. The community offers a private park, playground, and green belt, and it's just minutes from Lookout Mountain with easy access to the I-17 and 51 freeways. This home has it all!

View Property

18354 W Piedmont Road Goodyear, AZ 85338

$624,925

4 Beds

3 Baths

2,785 SqFt

Status Active Under Contract

MLS # 6757126

Property Type Single Family Residence

Price Type --

Exceptional one-story pool home on a premium corner lot in a fantastic location! Boasting a 3-car garage and easy-to-maintain landscaping, this property is designed for convenience and style. Step into the exquisite great room, where a cozy fireplace, built-in media niche, and stunning backyard views create a welcoming atmosphere. The chef's kitchen is a culinary delight, featuring staggered cabinets, a pantry, SS appliances, tile backsplash, and spacious island w/breakfast bar. The main bedroom is a true retreat, complete w/a private exit to the backyard and a luxurious bathroom that includes double sinks, a soaking tub, a step-in shower w/glass block wall, and a walk-in closet. The backyard is an oasis of relaxation, w/lush greenery, covered patio, soothing spa and pristine heated pool. SELLER-PAID HOME/POOL WARRANTY! NEW CARPET in all bedrooms and great room. Built-in speaker system for great room, primary bedroom, and back porch area! Roof underlayment replaced in 2022. Shower upgraded in 2024. Convection oven, convection microwave, and dishwasher were replaced in 2023. Primary bedroom AC condenser and coil were replaced in 2023. Pool pump and filter were replaced in 2022. Pool Pebble-Tec was resurfaced in 2020. Upgraded custom glass front door. Experience the incredible lifestyle of Estrella's lake community, offering unbeatable value-for-money amenities. This picturesque community features two man-made lakes with scenic walking paths, perfect for enjoying the outdoors. Residents can also enjoy two well-appointed residents' centers, Starpointe and The Presidio, each with its own café or restaurant, fully equipped fitness centers, and swimming pools. For those seeking more active pursuits, Estrella offers a lap pool, a fantastic splash water park, and sports enthusiasts will appreciate the basketball, volleyball, tennis, and pickleball courts. Multiple parks provide ample green space, while boating and fishing opportunities abound on the lakes. Miles of hiking trails and bike paths wind through the community, offering breathtaking views and a chance to stay active outdoors. Estrella is also home to one of the valley's top golf courses, a Jack Nicklaus-designed course managed by Troon, with discounted green fees offered to residents. Don't miss out on this spectacular home in Estrella. Experience the wonderful lifestyle that awaits you!

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

6750 W Via Montoya Drive Glendale, AZ 85310

$624,900

4 Beds

2.5 Baths

2,539 SqFt

Status Active

MLS # 6756139

Property Type Single Family Residence

Price Type --

Spacious 4-bedroom, 2.5-bath home with over 2,500 sqft of living space! This inviting property boasts a generous floor plan featuring tile and wood flooring in high-traffic areas. The chef's kitchen is a culinary enthusiast's dream, offering abundant cabinet space, a large island with pendant lighting, high ceilings, and stainless steel appliances. The primary bedroom provides ample room with an en suite featuring dual sinks, a separate stand-in shower, and a walk-in closet. Vaulted ceilings and a great room add to the home's open, airy feel. Step outside to a covered patio, ample backyard space with cozy seating areas, and an outdoor fireplace perfect for entertaining. Plus, enjoy the convenience of a 3-car garage. Don't miss out on this gem!

View Property

9023 S Dean Road Buckeye, AZ 85326

$624,900

4 Beds

2 Baths

2,148 SqFt

Status Active

MLS # 6762884

Property Type Single Family Residence

Price Type --

This Stunning, Custom 4BD/2BA plus office/den Home features 2,148 sq ft of Gorgeous, living space situated on a Huge lot! Enjoy the breakfast bar, ample, custom cabinetry w/lots of counter space in this Amazing, chef's kitchen, w/custom stone backsplash & under-mount cabinet lighting. Luxurious LED fixtures enhance the home's ambiance, while the Luxury, Spa-like bathroom features custom tile, a rain shower head, & water jets! Eco-friendly w/paid-off solar panels! & a sediment filtration system! this home is stylish & sustainable. The wood-like, tile flooring throughout and with no HOA, you have freedom & flexibility. Spacious 3-car, side-entry garage & dedicated, fenced-in dog run, complete this perfect modern oasis in the desert! You have to see this one to believe it!

View Property

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

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

936 N Roadrunner Road Apache Junction, AZ 85119

New

$624,900

3 Beds

2 Baths

1,592 SqFt

Status Active

MLS # 6778347

Property Type Single Family Residence

Price Type --

Discover this beautifully updated and meticulously maintained home on a spacious 1.25-acre lot, featuring breathtaking views of the Superstition Mountains! As you enter, you'll be welcomed by soaring wood-beamed ceilings, creating a grand sense of space. The bright Great Room, complete with a cozy wood-burning fireplace, seamlessly flows into an open-concept kitchen - perfect for gatherings and relaxation. The kitchen is a showstopper with stunning quartz countertops, designer cabinetry, and sleek stainless steel appliances. Unwind on the serene covered patio, designed for ultimate comfort and enjoyment. Additional upgrades include smart shades, a smart thermostat, a CCTV security system, and a separate mini-split heating and cooling unit for the back room. Ideal for RV enthusiasts, the property also features a large covered parking structure. This home is truly a rare find!

View Property

1609 E Montecito Avenue Phoenix, AZ 85016

$624,900

3 Beds

2 Baths

2,362 SqFt

Status Active

MLS # 6759860

Property Type Single Family Residence

Price Type --

This stunning property is nestled in the desirable Biltmore/Camelback corridor and is surrounded by an array of shopping options, and some of the city's finest restaurants. This beautifully designed two-story residence features three spacious bedrooms and two bathrooms, providing ample space for relaxation and privacy. The master bedroom is conveniently located on the first floor. The property boasts modern finishes and an open floor plan that enhances its inviting atmosphere, with a stylish kitchen, bright living spaces, and a lovely outdoor space, perfect for family gatherings or the addition of a pool. Large laundry with ample storage. Two car carport with a Tesla charging station. Easy access to highways and public transpiration. Do not miss this one!

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