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home sales: 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. 
The last time we saw … (0 comments)

home sales: Maricopa County Real Estate Market May Have Bottomed Out in October 2007 - 01/04/08 03:13 PM
Maricopa County Real Estate Market May Have Bottomed Out in October 2007:
Along with my monitoring of Tempe Real Estate market trends, I have been tracking two Real Estate numbers for all of Maricopa County that suggest that the Real Estate slump may have bottomed out in October of 2007.
The two numbers are
1.         The total number of resale properties listed for sale each month and
2.         The total number of properties sold.
These numbers can give us a ratio that help determine the absorption rate, namely, how long would it take at the current rate for the inventory … (1 comments)

 

Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate

Tempe, AZ

More about me…

Keller Williams Arizona Realty

Address: 3920 S Rural Rd Ste 100, Tempe, AZ, 85282

Office Phone: (480) 768-9333

Cell Phone: (602) 369-3224

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