2026 is all over the place!

Seriously, all over the place. We saw a very nice drop in mortgage rates at the beginning of March which led to all kinds of activity in our market. For Example:

- One of my listings got an offer
- All of my other listings got increased traffic/tours
- Then as quickly as this happened mortgage rates spiked again.
- Everything slowed down…my listing did close
- Did the mortgage rate that these buyers locked help keep the deal together?
- I mean I don’t think it hurt!

Talk about volatility! This is what sellers AND buyers are currently dealing with in our AZ Real Estate Market. Selling and/or buying is still achievable…just need to have a plan in place and make sure you work with someone that can execute that plan! LIKE YOURS TRULY!

I’m a numbers guy…so here are some March numbers for you.

· Active Listings – March saw 25,265 homes listed for sale.

· Average Days On Market – Homes were on the market for 85 Days

· Sold Price – The median sold price was $455,000 in March

· Sold Homes – A total of 7,560 homes sold in March

Part of my job is to interpret the real estate market. Numbers, buyer & seller sentiment, & the economy are just a few factors that go into interpreting the market. The volatility that we are currently dealing with is another item to take into consideration…and in my opinion has had the most impact on us all.

As of 4/10/26:
Mortgage Rates – FHA 5.91%, VA 5.93%, Conventional 6.39%
Arizona Inventory – Almost 27,000 homes for sale (per ARMLS)
Days On Market – A little over 85 days currently (per ARMLS)

Thought Of The Day…
I went for a run this morning. One of my goals is running 500 miles this year…I’m no spring chicken…my plan is to stay healthy, and I expect to hit this goal…you know what they say about plans made though…I hope we all hit our goals this year!