The only caveat is that for the first time in almost 8 years I saw some news of a slow down. I never make a forecast based on one set of statistics so I'll need another quarter to determine if this is a trend or a result of something greater on a national level related to interest rates, trade, materials costs, labor etc.
I'll be the first to publish that news, with statistical defense, and any possible impact to my areas of service specifically.
For now, compared to the rest of the country, we are doing great.
The latest numbers are based on sales that closed during the 3 months April to June 2019, so they are a bit dated by the time they are published. The month to month changes for the 20 focus cities are as follows:
- Detroit +1.24%
- Minneapolis +1.13%
- Boston +1.07%
- Phoenix +0.88%
- Cleveland +0.83%
- Chicago +0.74%
- San Diego +0.68%
- Portland +0.66%
- Charlotte +0.61%
- Seattle +0.56%
- Atlanta +0.52%
- Las Vegas +0.50%
- Washington +0.48%
- Dallas +0.44%
- Denver +0.42%
- San Francisco +0.22%
- Tampa +0.20%
- Los Angeles +0.16%
- Miami +0.09%
- New York -0.33%
Phoenix ranks 4th in this list, up from 11th last month. The national average change was +0.58%
The year over year numbers are as follows:
- Phoenix +5.8%
- Las Vegas +5.5%
- Tampa +4.7%
- Charlotte +4.5%
- Atlanta +4.5%
- Detroit +4.2%
- Boston +3.9%
- Minneapolis +3.9%
- Cleveland +3.4%
- Denver +3.4%
- Washington +2.9%
- Miami +2.8%
- Dallas +2.7%
- Portland +2.4%
- Los Angeles +1.6%
- Chicago +1.5%
- San Diego +1.3%
- New York +1.1%
- San Francisco +0.7%
- Seattle -1.3%
The national average was +3.1%.
Now we see why Phoenix hit the headlines. It took over the number one spot from Las Vegas in the year over year table.
