We're back with Ryan of Waterstone Mortgage with our Market Update! We talked about rates, home prices, inventory levels, local AZ news that affects our market and why we will see more real estate activity this year...this episode is packed with so much information.  Don't miss it! 

It's time for your year in review records:

-Highest year-end sales volume sales volume: 104,850

-Highest year-end average sales price: $528,940

-Highest year-end gross dollar sales volume: $51.763 Billion

-Highest year-end median sales price: $427,000

-11 consecutive years with year-end gain in the median sales price

-The number of new builds sold in Maricopa County declined this year after increasing 6 straight years

-Lowest foreclosure activity in history

-iBuyer and institutional investors both increased their activity in 2021

-Zillow left the iBuyer market

-Highest year-end sales volume sales volume: 104,850

2021 saw the highest sales volume in history, as reported by ARMLS. The 104,850 sales surpassed 2005's

previous record. It should be noted that when viewing public records data, 2005's total is and will remain the

undisputed champion for the foreseeable future. In 2005, there were a significant number of new builds sold that

were never listed on the MLS. These stats were shared by ARMLS on 1.19.22

Contact Ryan at (480) 635-3035 - and make sure you tell him you found him here.

Search Phoenix and surrounding area homes on our "good deals" page: Find Arizona Real Estate Deals

Thinking about a career in real estate? Get started here: Thinking about a Career in Real Estate?

Have a topic you want us to cover? Comment below to share your idea!

R.E.A.L. with Matt and Katie: Season 4, Episode 4