According to March data, the median sales price of a single family home in Phoenix returned to the December level after a two-month long dip. Michael Orr, director of the Center for Real Estate Theory and Practice and author of the W. P.

January usually claims the dubious distinction as the slowest month of the year, according to Michael Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School, but this year February isn’t much better.

The numbers are in, and the real estate market finished 2015 on a high point, especially for new home sales. December was the strongest month for new home sales since 2008, with nearly 1,500 newly built homes recorded. That’s up 45 percent from November and 58 percent from December 2014.

Shrinking supply has been the story in the Phoenix real estate market for months, but relief could be here in the second half of the year — at least for some buyers.

The high volatility that electrified the Phoenix real estate market over the past few years has been replaced by something more like normality. Change is more gradual.

The February report on the Phoenix real estate market contains welcome news. Recovery is here. That's according to Mike Orr, director of the Center for Real Estate Theory and Practice and author of the monthly housing report.

The January numbers are out for the Phoenix real estate market and they’re not spectacular. But even when the market is normal, January is slow, says real estate expert Mike Orr. Activity during February and March is signaling growing strength in the market at last.

Surging interest in attached homes has the potential to change the character of the city, adding urban density to the sprawling metro area.

Reporting on President Barack Obama’s January 8 visit to Phoenix, USA Today quoted Mike Orr, director of the Center for Real Estate Theory and Practice, on the president’s announcement that FHA mortgage insurance rates will drop.

The Phoenix metro area has a history of rapid price increases and breath-taking drops, so to longtime observers the currently calm market may seem — well — dull. But experts at the “Phoenix Housing Market Explained III,” hosted by the W. P.