Using Leading Indicators to Predict the Housing Market

Using Leading Indicators to Predict the Housing Market

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.

Exec-Elite

The Exec-Elite Team was founded by Denise van den Bossche, an Associate Broker with more than 40 years of experience in the Phoenix metropolitan real estate market, with particular expertise in Paradise Valley, Scottsdale, and the surrounding luxury communities. In 2022, Denise was recognized as the #1 Realty Executives agent in Maricopa County and #2 worldwide for the Realty Executives brand, reflecting her long-standing leadership in the Valley’s luxury real estate market. Known for her strategic insight, deep market knowledge, and commitment to exceptional service, Denise has built a reputation for representing distinctive properties and guiding clients through some of the region’s most significant real estate transactions. Denise and her husband Patrick, President of Realty Executives International, live in Paradise Valley, where they raised their two daughters and now enjoy time with their granddaughter. The Exec-Elite Team shares a common philosophy: extraordinary client service, integrity, and thoughtful representation. Their work is grounded in the values that guide their lives — Faith, Family, and Fitness — and they approach every client relationship with dedication, discretion, and the determination to leave no stone unturned in pursuit of the best outcome.

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