Something big happened in June!
ARMLS tracks sales volume of Phoenix Metro home sales on a monthly basis. While the total dollar sales volume in the earlier months of 2019 were not as strong as 2018, May and June were exceptionally strong.
The total dollar sales volume in June was $3,265,463,755, which is the highest total for any June in ARMLS history. In addition, the year to date total sales volume is the highest year on record with $16,753,752,060.
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News from NAR - National Association of Realtors
REALTORS® Confidence Index Survey: July 2019 Highlights
on August 23, 2019 at 7:10 pm
Eighty percent of respondents reported that home prices remained constant or rose in July 2019 compared to levels one year ago (86 percent in July 2018).
July 2019 Existing-Home Sales
on August 22, 2019 at 7:30 pm
Housing market activity this July rose 2.5% from June 2019, and the existing-home sales rate reached a seasonally adjusted annual rate of 5.42 million.
Homeownership and the American Economy
on August 22, 2019 at 3:26 pm
The U.S. Black homeownership rate today is lower than it was in 1968 when the Fair Housing Act, part of the landmark Civil Rights Act, was signed into law.
Existing-Home Sales Climb 2.5% in July
on August 21, 2019 at 12:45 pm
Although Northeast transactions declined, the other three major U.S. regions recorded sales increases, including vast growth in the West last month.