Happy January to you. We are publishing our Phoenix Real Estate Market Report January 2015 today. Just as a FYI… the data is reflective of the past month so it is more like a December to January report. The good news is most media uses data that is a minimum of 2 months old so what you read here is much more current.
The bottom line is after a quiet-as-a-mouse Fall, December showed better than expected numbers. Sales were up 11% from December 2013 and the 100+ agents we surveyed reported a significant increase in emails, texts and phone calls from clients.
The uptick in December suggests good real estate activity in 2015. There are many factors, including the recent changes in FHA loan costs, that will help boost the Phoenix area market and a few, like student loan debt, that will keeps things tepid verses hot. We’ve written quite a bit more about this on our Sister Site, UrbanConnectionRealty. Click to read our Phoenix Real Estate Market Forecast 2015.
Below is an Infographic created by Fidelity National Title with info provide by the great people at Cromford Report. We love infographics. If you have questions, please know we are here. We are always happy to answer questions and help. YOu can reach us at 602-234-5777 or Ron@UrbanTeamAZ.com.
Phoenix Real Estate Market Report January 2015 – Infographic