Tax tips and February Real Estate Market Update

Hard to believe that we’re almost into the third month of 2022!  We hope the new year is going well for you.  This month’s e-report includes some tips on filing your taxes as well as the current real estate market update (spoiler – not a ton of change!).  Check both out below and let us know if you have any real estate needs or questions.

Tax season can be a stressful time! To help make it easy and error-free, check out the information below for some common tax filing mistakes to avoid. You’ll feel confident and ready when it’s time to file!

The Phoenix area real estate market continues to be a hot topic!  After the drop in the number of active listings in January, home buyers might have been hoping for more listings in February.  So far, not so.  The number of active listings is down more than 15% from last month.  And while the number of active listings continues to drop, the average price of these listings is reaching new levels. 

Speaking of price, the monthly median sales price increased to $433,500, up 2% from last month, and the monthly average sales price per square foot rose to $274.45, up 2.5% from last month. Supply is extremely low, demand is still very high, prices have been increasing, and we are heading into the spring home-shopping season.  Stay tuned!