March Madness – March market summary

Put in a full price offer on a home for a client yesterday which was the first day the property was on the market. Property was marketed above the highest price per square foot price of any recent sale in the immediate market area.   Two other full prices offers and one other offer also received on property in first day.  Market is very active and prices are going up in most areas.  The media will start reporting this more and more over the next few months.  Prices are going up at the low and mid levels of the market and stabilizing at most other price points except at the most expensive prices and in a few areas.  I will be updating this summary with some interesting statistics in the next few days and am interested in your thoughts on the current metro Phoenix housing market.