Pictures tell 1,000 words… If you’ve been following me for a while, you know I love my charts! I’ve become so obsessed that I now host a monthly webinar for other real estate data hounds. I am a fact based decision maker so having the numbers to support my decisions and how I guide my clients is super critical to my success. I’d love to have you join my next Arizona Real Estate Happy Hour on Thursday, June 11th at 6pm. Click here to register. 

For the June market update I am highlighting three metrics that I feel are good indicators of what’s happening in our local market. Showings, active listings and accepted contracts are leading indicators to strong real estate sales. We’ve seen return to pre-pandemic levels on all three fronts. 

1. Showings– This is a key leading indicator because if people aren’t seeing homes it’s pretty difficult to sell a home. The orange line dropped like it was hottttt through mid-April. However, it’s been steadily increasing since then with a return to near normal levels in the last two weeks. Those who temporarily took a time out from showing houses have now returned and we will see those numbers play out in the third chart I’ll show you.