For the monthly period ending September 15, we are currently recording a median sales $/SF of $249.80 across all areas and types in the ARMLS database. This is down 0.9% from the $252.14 we now measure for August 15, and it has slipped below last year’s level: the same period in 2025 read $251.77, so…
Pricing Updates
Mid-Month Pricing Update and Forecast
For the monthly period ending August 15, we are currently recording a sales $/SF of $292.77, averaged across all areas and types in the ARMLS database. This is down 3.6% from the $303.74 we measured for July 15. Our forecast range midpoint was $300.36, so although we predicted a significant fall, we underestimated it by…
Price Analysis: Part Three – A Longer-Term View
In our last two posts, we studied the weak period in the housing market that has lasted since the froth of the COVID frenzy blew away. Using the most recent price peak as the baseline means almost all methods of measuring home prices show a gloomy picture because, by definition, we started at the top…
Prices Since the Peak: Part Two
Prices Since the Peak, Part 2: Not Every Region Got the Memo Yesterday we sliced Greater Phoenix by dwelling type. This time we slice it by geographic region, single family detached only, and two regions refuse to follow the script everyone else stuck to. Same method as yesterday: median $/SF (not average, not price), each…
Mid-Month Pricing Update and Forecast
For the monthly period ending July 15, we are currently recording a sales $/SF of $304.32, averaged across all areas and types in the ARMLS database. This is up 0.4% from the $301.22 we now measure for June 15. Our forecast range midpoint was $307.78, so this month we got the direction right but overestimated…