Short Sales represent 24% of the homes currently for sale in Maricopa County, and a whopping 44% of our "pending" inventory, but "pending" is about as far as many short sales get.  

Since January, only 10% of homes closed in Maricopa County were short sales.  I've heard the banks are starting to try to get these short sales closed and last month we did see a slight improvement with 14% of our closed sales coming from short sales.

ACTIVE LISTINGS
There are 26, 839 active Maricopa County listings in the Arizona Regional MLS. 

64% of all active listings are listed under $300,000

16,307 are "regular" sellers (8260 or 51% are under $300,000)
6,407 are short sales (5397 or 84% are under $300,000)
4,125 are Lender Owned (3673 or 89%) are under $300,000)

PENDING LISTINGS
There are 16, 079 pending listings.  Of these:

88% of all pending listings are listed under $300,000
3,558 are regular sales (2,734 or 76% are under $300,000)
7,113 are short sales (6260 or 88% are under $300,000)
5,408 are REO (5,087 or 94% are under $300,000)

SOLD 6/26/2009 - 7/26/2009
7558 homes were sold.  Of these:

6,619 or 87% sold for under $300,000.
2339 were regular sales (1755 or 75% were under $300,000)
1098 were short sales (945 or 86% were under $300,000)
4141 were bank owned (3919 or 95% were under $300,000)

SINCE JANUARY 1, 2009~
44,702 homes have sold in Maricopa County
of those:

39,579 or 88% sold for less than $300,000
11,966 or 27% were regular sales
4,641 or 10% were short sales
28,095 or 63% were lender owned

$27,000 ~ the price of the least expensive home sold in Maricopa County this year.  A short sale 829 sf, 3 bedroom, 2 bath home in Glendale.
$8,497,500 ~ the price of the most expensive home sold in Maricopa County this year.  A new custom11,7000 sf, 5 bedroom, 9 bath home in Scottsdale.

*Data obtained from the Arizona Regional MLS on July 26, 2009 and is deemed reliable but not guaranteed.