Realty Executives Phoenix

Denise van den Bossche 602-980-0737

Associate Broker, Realtor & Team Leader (602) 980-0737

Denise van den Bossche 602-980-0737

Associate Broker, Realtor & Team Leader

Realty Executives Phoenix

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Using Leading Indicators to Predict the Housing Market

(Published on - 5/7/2023 5:07:58 PM)

Leading Indicators

Leading indicators are the only way to accurately make a realistic prediction of future performance. Trailing indicators, such as "Sold Prices" show what has already happened 30 to 60 days ago. We have seen Sales price per square foot increase every month in 2023, up 6.4% since December. So what happened? "Listings under contract" is another indicator, and we’ve seen the fewest numbers of buyers in escrow at any time since 2009. This indicates a very slow market. Low buyer activity, paired with even lower seller activity, points to more upward pressure on prices in the Valley. Watch this month's 3 minute market update to understand why Market Report.

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About

  • Denise van den Bossche 602-980-0737
  • Associate Broker, Team Leader
  • Realty Executives North Scottsdale
  • 10607 N Hayden Rd
  • on the Border of McCormick/Gainey Ranch & Paradise Valley
  • Scottsdale, AZ 85260

BR025374000

Contact

  • Mobile (602) 980-0737

About Realty Executives

Denise was ranked number one solo agent in the metro Phoenix Valley of the Sun and number two Worldwide for 2022 production at Realty Executives International. She now leads the Exec-Elite team coving the entire Valley. Established in 1965 in Scottsdale, Realty Executives International is now one of the largest and most established real estate franchise systems in the world, with over 8,000 Executives in more than 500 offices. This Tenured Worldwide Peer to Peer Network shares best practices through the most sophisticated technology in the industry.

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Associate Broker, Realtor & Team Leader

Denise van den Bossche 602-980-0737

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Disclaimer: Each office independently owned and operated. Please disregard this message if you are already under contract with another real estate professional.