Real estate blog entries tagged with fha by Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate (Keller Williams Arizona Realty )

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Home : Blogs : Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate : Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate's Blog : Tag "fha"

fha: The Real Estate Market Continues to Recover - August 2008 - 08/16/08 03:07 AM

By The Numbers
Inventory (supply) down: For the fifth straight month, total inventory has dropped. We are still in the 50,000s and although this is still high, the trend is down.
Sales (demand) up: Closed sales for June are above 6,000 and are double what they were per month during the slump in 2007.
Forecast: Pending sales for August are still around 7,000, so it is safe to conclude that the downward trend will continue.
The absorption rate (time to clear out the current inventory) has dropped to 9 months from over 20 months in 2007.
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Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate

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