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.

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9632 E Twinkle Circle Mesa, AZ 85212

$595,000

4 Beds

3 Baths

1,944 SqFt

Status Active Under Contract

MLS # 6759320

Property Type Single Family Residence

Price Type --

Welcome to a rare gem in Cadence! This light and bright open floor plan home is not your builder basic property and offers many updates including: premium lot location, private pool, custom built-in outdoor kitchen with gas BBQ and beverage refrigerator, and a gas line stub for your future outdoor fireplace to enjoy under the stars. Other upgrades include the large gourmet kitchen, featuring stainless steel appliances, quartz countertops, a chic backsplash, and elegant pendant lighting over the large island perfect for entertaining. Upgrades continue into the bathrooms, where you'll find quartz countertops and clean white cabinetry and framed mirrors. The large primary suite is a peaceful retreat with a luxurious feel, thanks to the meticulously designed primary bathroom complete with Welcome to a rare gem in Cadence! This light and bright open floor plan home is not your builder basic property and offers many upgrades including: premium lot location, private pool, custom built-in outdoor kitchen with gas BBQ and beverage refrigerator, and a gas line stub for your future outdoor fireplace to enjoy under the stars. Other upgrades include: Neutral wood tile floors flow throughout the home, a large gourmet kitchen, featuring stainless steel appliances, quartz countertops, a chic backsplash, and elegant pendant lighting over the large island, perfect for entertaining. Upgrades continue into the bathrooms, where you'll find quartz countertops and clean white cabinetry and framed mirrors. The home is plumbed for soft water, has overhead garage storage, and a tankless hot water heater. Cadence is known for their 2 pools and waterpark, dog runs and dog wash, fitness center and game rooms, multiple parks and more. Welcome home!

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39515 N Prairie Lane Anthem, AZ 85086

$595,000

5 Beds

3 Baths

2,168 SqFt

Status Active Under Contract

MLS # 6759831

Property Type Single Family Residence

Price Type --

This beautifully updated home boasts an open, inviting, great-room floor plan with 5 bedrooms and 3 full baths, blending modern style with practical living. The main floor offers a spacious primary bedroom and a convenient second bedroom with a full bath, perfect for guests or a home office. High ceilings create an airy feel, while porcelain tile flooring on the main level adds elegance and durability. The home has been thoughtfully updated with newer LED lighting, blinds, and sleek nickel hardware. The kitchen is a chef's dream, featuring maple cabinets, stainless steel GE appliances, a nickel faucet, granite countertops, and a stylish tiled backsplash. Its seamless connection to the great room makes it ideal for family gatherings or entertaining friends [cont]... ...Situated on a private north/south-facing lot, this home enjoys one of the largest yards in the neighborhood. Step outside to your backyard retreat, complete with a covered patio, a heated pool with an in-floor cleaning system, and a resurfaced pool deck (2022). This serene space is perfect for unwinding or hosting memorable summer parties. Anthem is a beautiful community that provides a variety of amenities, including a spacious park, and hosts numerous events for families to enjoy. The neighborhood is filled with plentiful walking trails that are safe and scenic. Anthem is also self-contained, offering grocery stores, medical facilities, and other essential services, so everything your family needs is conveniently close by without the need for long commutes. This home offers comfort, style, and ample space in a community that enhances your quality of life.

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7701 E Palm Lane Scottsdale, AZ 85257

$595,000

3 Beds

2 Baths

1,575 SqFt

Status Active Under Contract

MLS # 6767591

Property Type Single Family Residence

Price Type --

Well cared for, a 3 bedroom home with 2baths ,2 car garage ,that is move in ready or ready for you to update to your liking! New AC and water heater in last 24 months, seller even had the sewer pipes sleeved as a preventative measure in the last year. Ample living space inside the home and a beautiful flagstone patio with built in grill and all around new patio covering . Wonderful opportunity in a highly desired Scottsdale subdivision brought to you at a bargain price. You cannot find a better price for a home in this condition with a wood burning fireplace to boot. Shopping within walking distance, and very near Old Town Scottsdale. Walk your dog, ride your bike, or play sports at El Dorado Park across the street. Owner occupied only. See lister for more details

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22033 N Golf Club Drive Sun City West, AZ 85375

$595,000

2 Beds

2.5 Baths

2,656 SqFt

Status Active

MLS # 6766525

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the vibrant, active adult community of Sun City West! Perfectly located near the Palm Ridge Recreation Center and surrounded by multiple golf courses, this beautifully updated home offers the ideal blend of modern comfort and resort-style living. In 2024, the home received significant updates, including sleek granite countertops, most new appliances, and upgraded light and plumbing fixtures throughout. The majority of the home features elegant tile flooring, with plush carpet in the Den and master bedroom for added comfort. The updates also include taller baseboards and fresh interior paint, giving the entire space a crisp, modern feel. As you step inside, you're greeted by a grand entrance, soaring ceilings, and a spacious open floor plan filled with natural light. This clean, bright home offers plenty of room for both entertaining and relaxation. The 2.5-car garage provides ample space for parking and storage, making it ideal for your vehicles and hobbies. The home is situated on a quiet street with minimal traffic, offering peace and privacy. Outside, the fenced lot features an array of mature citrus trees, creating your own private oasis. With its close proximity to the Palm Ridge Recreation Center and numerous nearby golf courses, this home is perfectly positioned for an active, enjoyable lifestyle. Don't miss your chance to own this stunning, move-in-ready home!

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893 W Chilton Avenue Gilbert, AZ 85233

$595,000

3 Beds

2 Baths

1,702 SqFt

Status Active

MLS # 6774136

Property Type Single Family Residence

Price Type --

Welcome to this stunning remodeled home located just a short walk from downtown Gilbert! This exceptional property, remodeled within the last year, sits on a corner lot next to a prestigious multi-million dollar residential community. Step into the backyard and experience your own private oasis, complete with a sparkling pool, tranquil waterfall, enchanting string lighting, a cozy propane fire pit, and breathtaking views. With neighbors on only two sides, you'll enjoy a remarkable level of privacy. The home features a spacious kitchen with an inviting island and top-of-the-line appliances. Throughout the kitchen, dining, and family rooms, you'll find soaring vaulted ceilings that create an open and airy ambiance.

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4477 W Adobe Drive Eloy, AZ 85131

New

$595,000

2 Beds

2 Baths

2,162 SqFt

Status Active

MLS # 6776620

Property Type Single Family Residence

Price Type --

Furnished ALTURA MODEL built in 2020. Beautiful curb appeal. All new PVC and water hookup for pots in front. Kitchen features upgraded cabinets, stainless steel applicances, backsplash, pendant lights, under cabinet lights, Gas cooktop, pot & pan drawers, Granite counters, roll-out shelves, includes pantry. Soft close drawers, wall oven & microwave. Beautiful plank flooring, top of the line front security door. 2 full suite both bedrooms w/walk-in closets, bay windows & tile showers. Guest bedroom & bath includes blackout shades. Laundry room has a full set of cabinets. Step out back to the covered patio and play some corn hole. Synthetic grass is all set up for you. Backyard is fully enclosed. Three fruit trees, lemon, lime and orange. Water feature is included. Whole house water filtration. No salt needed. Extra storage on side of house.

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2446 W Myopia Drive Anthem, AZ 85086

$595,000

3 Beds

3 Baths

1,686 SqFt

Status Active

MLS # 6768948

Property Type Single Family Residence

Price Type --

Walking distance to Persimmon clubhouse. 3 bedroon 3 bath includes an oversized casita for guests. Meticulously kept & highly upgraded. Spacious great room floorplan w/ Plantation Shutters. Custom neutral paint, ceiling fans, tile & carpet flooring throughout. Kitchen has granite counters & built in microwave with breakfast bar, pantry, lots of storage, & Water Softener. Master Bedroom with Large Walk-In Closet, remodeled shower, dual vanities. Interior laundry has plenty of room for extra storage. The resort style backyard has a heated pool with jets. Pavers in all the right places. The rear yard offers tranquil surroundings and is perfect for enjoying the serene natural beauty of the desert. Wash lot offers breathtaking views of Daisy Mountain

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5 Clawson Avenue Bisbee, AZ 85603

New

$595,000

6 Beds

4 Baths

3,232 SqFt

Status Active

MLS # 6773436

Property Type Single Family Residence

Price Type --

Historic Four Plex in the Heart of Old Bisbee. Two 1,000 sq ft Two Bedroom Units and Two 800 sq ft One Bedroom Units, with Original Hardwood Flooring, Built-Ins, High Ceilings, and French Doors, leading to the vast Front Porch and Balcony. Solid Allan Block construction, built in 1917 as Saint Joseph's Convent, now operating as a popular Vacation Rental. With Separate Kitchens and newer Mini-Splits for efficient Heating and Cooling.

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7674 E Whispering Mesquite Lane Gold Canyon, AZ 85118

$595,000

2 Beds

2 Baths

1,922 SqFt

Status Active Under Contract

MLS # 6774751

Property Type Single Family Residence

Price Type --

Located in the desirable Mountainbrook Village community, this home offers stunning golf course and mountain views. This beautifully updated home features two primary bedrooms, vaulted ceilings, massive windows, and a spacious layout with high-end finishes like granite countertops and plantation shutters. Enjoy outdoor living with a tiled courtyard, covered patio, and air-conditioned garage with a separate workshop. With a central vacuum system, soft water, and RO systems, this home blends comfort and convenience, perfect for enjoying the best of Gold Canyon living. Mountainbrook Village is a scenic golf course community set against the stunning Superstition Mountains. It offers beautifully designed homes and resort-style amenities, including a golf course, fitness facilities, and social clubs. With a relaxed yet active lifestyle, it's perfect for those seeking a peaceful desert setting with plenty of recreational opportunities.

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7700 E Gainey Ranch Road Unit 103 Scottsdale, AZ 85258

$595,000

2 Beds

2 Baths

1,104 SqFt

Status Active

MLS # 6705937

Property Type Townhouse

Price Type --

Welcome Home to Sunset Cove in the guard-gated community of Gainey Ranch! This single-level, 2-bedroom, 2-bath furnished, move in ready, townhome offers easy living in an excellent location. The Gainey Estate Club is just a short walk away, perfect for a quick swim, workout, tennis, or game of pickleball. You'll also be close to all that Scottsdale has to offer, including hiking, biking, restaurants, shopping, and entertainment. This home has been updated over the years, with the current seller adding many upgrades. Features include a gourmet kitchen, BBQ patio, spacious bedrooms, and a private patio off the primary bedroom. The home also includes a detached one-car garage and extra parking. Welcome Home

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1075 W Desert Aster Road San Tan Valley, AZ 85143

$595,000

2 Beds

2 Baths

1,897 SqFt

Status Active

MLS # 6705964

Property Type Single Family Residence

Price Type --

**THE MOST LUXURIOUSLY REMODELED HOME IN SOLERA AT JOHNSON RANCH** Your new home boasts a complete Interior/Exterior Remodel beyond compare! This Gem is perched on an 11,627 sq.ft. Premium Lot & features: 2Bed/2Bath+Den, Mountain Views from Front & Back, Beautiful Interior/Exterior 2-tone Custom Paint, Pavered Courtyard & Iron Security Door upon Entry, Custom Tile in all living areas, Crown Molding+Plantation Shutters & Luxurious Fixtures throughout, Chef's Kitchen w/ LG Black SS Appliances (incl: Gas Cooktop+Fridge), Quartz Countertops & Backsplash, Beautiful Cabinetry w/Underlighting, Eat-At Island + Highly Upgraded Pantry & Laundry Room. Fabulously Remodeled Bathrooms incl: Super shower in Master. Backyard has Custom Pavers, Extended Patio w/ Pergolas, the list continues-(click more).. Gas Fire Pit with Pavered Surround & Spectacular Views in all preferred sitting areas! Amazing Landscape is everywhere including other Jaw Dropping Exterior Upgrades such as: New Trees & Extensive Plantings, Complete Exterior Low-Voltage Landscape Lighting (LED), New Irrigation System (PVC) & Controller, Water Feature & 2 Stucco Planters with Paver Caps in rear yard, Front Yard Retaining Walls w/stucco masonry & paver caps, All New Exterior Coach Lights, Pavered Backyard & Front Walk. Your Premium Lot borders the common area with desert landscape in the back & one side which enhances both your Views and Privacy! This Gem must be seen to be believed! Your Garage has tons of Cabinetry, Overhead Storage Racks, Workbench, Epoxy Floors & Custom Iron Security Door (matching front door) at service entrance. This Home also includes SOLAR POWER, Newer AC(16 SEER) w/ stucco masonry enclosure, Newer 5 Ton Split Gas Furnace, 3 smart thermostats for zoned hvac system, Trash enclosure w/ stucco masonry, Newer 50-gallon Water Heater, Water Treatment System, Solar Tube Skylights added in Pantry, Laundry, Primary Closet and Guest Bath, Solar-power attic exhaust fan, Custom Ceiling Fans, Dual Pane Windows, etc. The 2 Bedrooms are a good size & the master bath finishes are simply breathtaking! The Den is a perfect flex/office space with a shiplap ceiling for that luxury feel... There are just too many elaborate upgrades to list! (See photos & Docs tab for detailed list on some of the upgrades). Solera is a 55+ Active Adult Gated Community with tons of amenities including a Private Community Center, Pool & Spa, Activity Rooms, Billiards, Bocce Ball, Fitness Center & more! San Tan Highlands Golf Course runs through the community. You have access to Johnson Ranch Amenities as well. This includes heated, outdoor pools and spas, tennis courts, pickle ball court, pitch and putt golf course, frisbee golf course, catch and release fishing pond, softball & soccer fields. DON'T MISS OUT!!! ***YOU CAN MAKE THIS YOUR FOREVER HOME!!!**

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19063 N 265th Avenue Buckeye, AZ 85396

$595,000

2 Beds

2.5 Baths

1,864 SqFt

Status Active

MLS # 6707112

Property Type Single Family Residence

Price Type --

ASSUMABLE 3% FHA MORTGAGE WITH $285,000 DOWNPAYMENT, or fund a second! Get a pool, owned solar, golf and mountain views at a great price. This highly upgraded Sanctuary model with approximately 1,864 sf. has two suites, a half-bath, and a den. The home has a 2-ft. rear extension and 2-ft. extended garage which is air-conditioned. Upgraded Taupe cabinets, dark granite counters and a stainless-steel gas cooktop create contrast and brighten up the living space. An electric fireplace with a framed and tiled mantle, and accent wall paint, complements the hardwood floors in the gathering room. From the pool you can enjoy a view of the White Tank Mountains & the green at the 9th hole on the Mountain Course at Sun City Festival, Arizona's premier 55+ community.

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