Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This
is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real Time Market Profile
Welcome to Phoenix, AZ
The Valley of the Sun centers around Phoenix
Looking for sunshine? We’ve got it! Phoenix averages 300 days of sunshine or over 85% of daylight hours per year. Meaning there is ample opportunity to enjoy the outdoors with hiking, golfing and more minutes from downtown. Phoenix also boasts many museums and cultural venues with a large span of diversity to appeal to everyone. While some of the native flora and fauna of the Sonoran Desert can be found within Phoenix city limits, most are found in the suburbs and the undeveloped desert areas that surround the city. This is not just a vacation destination, but a great place to live.
WHAT YOU NEED TO KNOW
Phoenix is a sprawling and busy metropolitan area with Sky Harbor Airport voted “America’s Friendliest Airport” that is one of the busiest airports in the nation serving 46 million passengers in 2019. Phoenix began as an agricultural, farming community and is still impacted economically by local growers and the 5 Cs: cotton, cattle, citrus, climate and copper. The Phoenix metropolitan area is serviced by 56+ hospitals and medical centers. The Mayo Clinic, is north of downtown, Banner Health is a non-profit health system in the United States, based in Phoenix and on of the city’s largest employers. Barrow Neurological Institute (BNI) is the world’s largest dedicated neurosurgical center and a leader in neurosurgical training, research since 1962. While Cancer Treatment Centers of America cares for patients from all over the nation.
Things to do in Phoenix, AZ
WHY CHOOSE PHOENIX?
According to Payscale, Phoenix’s cost of living is 5% lower than the national average. Compared to other cities around the nation property taxes are lower. Tourism has always been a large economic source for the Phoenix area, but the influx of GoDaddy and InfusionSoft along with other IT companies is creating a technology hub. AZ Big Media says more than 60 percent of the private sector works in advanced industry sectors: business and financial services, bioscience and healthcare, manufacturing or technology. This diversified job market is great for the local economy and shows resilience. Exemplifying how Phoenix was named for a bird that rises out of the ashes.