It's happening here in Phoenix and Mesa Valley of the sun. Our numbers are going down, and our solds are going up. We are down to 7,995 listings under $100,000. The investors and new home buyers have flooded our market keeping all of us hopping.

It is common to see 18+ bids on the homes under $100,000, and even above that number - Buyers are definitely back.

The new numbers are here...we are down to just above 40,000 since January. Will we be down to 40,000 by the first? We'll have to watch and see. 

As you may recall, in January, we were up to almost 60,000 active listings. Things are changing.  Inventory stats of all listings in our entire home market are as follows:

March 19

Active: 48,837

Pending: 10,869

April 3

Active:  45,694

Pending: 11,896

April 10

Active:  44,348

Pending:  12,963

April 17

Active:  42,907

Pending:  13,403

April 29

Active:  40,437

Pending:  14,226

Listed below are the comparisons for the cities and for the zip codes indicated. Note that I am only including Single Family Residences and not townhomes, apartment homes, etc.

Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog