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Market stats for thePhoenix area for the past 30 days

(from ARMLS for past 30 days
Residential sales only)

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These numbers mean there is currently only 4.89 months of inventory
(Active listings divided by sold listings!!!!)

ALERT • ALERT • ALERT • ALERT • ALERT • ALERT • ALERT • ALERT

Active listings in ARMLS 41,241 (42,686 last week)

Active with contingency 3,334 (3,044 last week)

Pending sales 13,948 (13,372 last week)

Sales in last 30 days 8,428 (8,081 last week)

Cancelled 3,930 (4,025 last week)

Expired 2,653 (2,713 last week)

Temporarily Off Market 1,202 (1,224 last week)

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Posted by Andrew Monaghan CRS, GRI, EPro Associate Broker on 04/26/2009 10:59 AM

Comments (1)

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1 Comments on Market stats for thePhoenix area for the past 30 days

MAY

Andrew - I know that in the East Valley, sales are increasing and inventory is dropping. It really just started about a month or so ago. Now, we are even getting multiple offers, and offers for more than list price on homes priced under $150,000.

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